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U.S. Supreme Court Says Investors Can Sue Law Firms Connected with Stanford Ponzi Scheme under State Laws
In Chadbourne & Parke LLP v. Troice et al., the U.S. Supreme Court has held that investors in Stanford’s Ponzi scheme are not barred by the SLUSA from suing Chadbourne & Parke and Proskeur Rose, as the investors did not…>read moreNo Comment February 27, 2014
Sidney-based UGL Ltd’s Ex-President has claimed that the real estate unit “misstated financial results to deceive the board of directors and investors.” Australian UGL is an engineering, construction and maintenance company whose operations include railway manufacture and maintenance…>read moreNo Comment February 17, 2014
The markets are always screwy, messing with investors, keeping the game of prospects interesting – so it is no great surprise that gold, after taking a dunk on December 31 to the lowest slump in a long time has…>read moreNo Comment January 20, 2014
What is the fastest growing market in the United States? It’s not the equities market and it’s not commercial real estate. It’s the legal marijuana market! The Huffington Post says that the legal marijuana market is “growing at a rate…>read moreNo Comment November 5, 2013
After investors became aware that Blackberry Ltd will now scrap their former plan to find a buyer, their stock price went south. At this time, Blackberry Ltd made an announcement that it will try to raise $1 billion in…>read moreNo Comment November 4, 2013
Another ex-Cadawalderer has landed a new gig: Bruce Zirinsky, the New York firm’s long-time financial restructuring group head, has joined Greenberg Traurig’s Big Apple office, along with long-time colleague John Bae. Zirinsky joins as co-chairman and Bae as senior member. For over 30 years, Zirinsky…>read moreNo Comment January 14, 2009