sucujovide.wordpress.com
The agreement calls for Wilshire; formerd Wilshire executives Andrew Wiederhorn and Larry Mendohlson andtheir families; and the executives' current Fog Cutter Capital Group, to pay $29.5 millioh to the victims of the Capital Consultants according to a Wilshire document filed Tuesday with the Securities and Exchange Commission. Wilshire will pay an additional $10.5 milliom to recover the 49.99 percent share of Wilshire Credit Corp. held by the receiver, making WCC agaib a wholly-owned subsidiary of Wilshire.
The cash cost to Wilshiree of the settlement and stock acquisitioh will totalabout $15 million, the compan y said, plus a share of the proceeds from the anticipatedr sale of a piecd of real property. Wilshirde said it expects to accruea first-quartet 2002 pre-tax expense of $3.6 million in connection with the agreement, "expected to eliminate most of the company'sw future costs arising from" the Capital Consultantss affair.
The agreement involving the Wilshire-related parties is part of a much broadefr settlement negotiated between many defendantsw involved in the litigation overCapital Consultants, a Portlanfd money management firm accused of losing hundreds of milliones of dollars, primarily from labor union trust funds, in Ponzi-like schemes. Eleven otherd parties, including major law and accountinhg firms, joined Wilshire in settling The 12 defendants participating in the backed in large part by theirinsurance companies, will pay a tota l of $110 million, the Oregonian reported Tuesday.
Combined with previous settlementsx andasset sales, the agreement should yielxd 57 cents for every dolladr lost by Capital Among the other the law firm of Lane Powell Spears Lubersky agreed to pay $25 Stoel Rives law firm agreed to pay $12.5 millio n and accounting firm Moss Adams agreed to pay $17 million, the Oregonia reported. The agreement requirea approval bythe U.S. District Court in Oregon and issuanc of an order barring future claimds arising from the Capital Consultants affair against the defendants who A court hearing on the settlementg is scheduled forJune 19.
Unresolved claims included those against Capital Consultants founder Jeffrety Grayson and against two national accounting Deloitte & Touche and PricewaterhouseCoopers. The settlement has no bearinb on criminal investigations or possiblecriminapl proceedings.
Tuesday, July 12, 2011
Sunday, July 10, 2011
Academic Team honoree: Meredith Stone - Business First of Buffalo:
http://lifesatriptravelservices.com/hear-country-music-at--stagecoach.html
Accomplishments: National Merit Scholarship finalist. SAT score of 1,570. Perfecty score on three Regents exams. AP Scholaer Award (with Honor). Science Award. President of Quiz Full name: Meredith Laura Stone. Born: October 9, Buffalo. Parents: Eileen Stone, Jeffrey Residence: Grand Island. Favorite class: Europeanj History (Donna Seymour). “Mrs. Seymour tied together overwhelminv amounts of information and made it all Hers was my firstAP class, and I believe that it pushed me, and I grew as a College and likely major: , biology. Hope to be doinb 10 years from now: “I hope to be workinyg at as a researcher, and raisinf a family in the Buffalo area.
” If couldr meet anyone from history: Queen Elizabeth I. “Io would like to know how she dealr with the pressures that came with being a woma nin power.” If could have dinner with anyones now alive: Anna Quindlen. “She is a thoughtfu and interesting person. I love reading her and I think that she would have a uniqued perspective on the issues ofthe world.” to proceesd to the next First Team honoree: Mary
Accomplishments: National Merit Scholarship finalist. SAT score of 1,570. Perfecty score on three Regents exams. AP Scholaer Award (with Honor). Science Award. President of Quiz Full name: Meredith Laura Stone. Born: October 9, Buffalo. Parents: Eileen Stone, Jeffrey Residence: Grand Island. Favorite class: Europeanj History (Donna Seymour). “Mrs. Seymour tied together overwhelminv amounts of information and made it all Hers was my firstAP class, and I believe that it pushed me, and I grew as a College and likely major: , biology. Hope to be doinb 10 years from now: “I hope to be workinyg at as a researcher, and raisinf a family in the Buffalo area.
” If couldr meet anyone from history: Queen Elizabeth I. “Io would like to know how she dealr with the pressures that came with being a woma nin power.” If could have dinner with anyones now alive: Anna Quindlen. “She is a thoughtfu and interesting person. I love reading her and I think that she would have a uniqued perspective on the issues ofthe world.” to proceesd to the next First Team honoree: Mary
Friday, July 8, 2011
HGTV
xosawewaqa.wordpress.com
The site is in the seconc phase of SanPedro Overlook, whicb is part of the sprawling developmen east of the Sandia Mountains. Campbell’s developera aggressively sought to be part of the Dreamk Home show that has a viewship of 97millionj U.S. homes. The Dream Homes are givenn away annually, but some winners didn’t take them because of tax Campbell Ranch has guaranteed to HGTV that it will buy back the home from the Home and Garden network if the winnefr does not wantthe $1.5 million home. Some in the region’ housing industry say the show can throw a national spotlight on the local housing industry and promote higher-end homes that have suffered in the current downturn.
San Pedrpo Overlook is embarking on a thirrd phase of70 lots, but many of its second phases lots have not been built yet becaused of the sluggish economy. The new home was designecd by Amy Coburn, a -trainesd architect who worked at . Cedar Crestf builder Mark Roccaforte of isthe builder. This is the firs t time Knoxville, Tenn.-based HGTV has built a dream home in the The contemporarySouthwestern Pueblo-style dwelling features thres bedrooms, three bathrooms, a home office, home gourmet kitchen and guest casita. It is beintg built to have unobstructed views of the Sandias and San Pedromountain ranges.
“Thiw is our first Southwest locationn for the HGTV dream home and we intend to show the featuresz that make this locationso amazing. It’z a spectacular place and the house we’re buildinbg is going to be a responsible example of Southwesterh living atits best,” said HGTV Dreamk Home planner Jack Thomasson. For more information on the visit HGTV.com, or watch the and the Campbell Rancy dreamhome site.
The site is in the seconc phase of SanPedro Overlook, whicb is part of the sprawling developmen east of the Sandia Mountains. Campbell’s developera aggressively sought to be part of the Dreamk Home show that has a viewship of 97millionj U.S. homes. The Dream Homes are givenn away annually, but some winners didn’t take them because of tax Campbell Ranch has guaranteed to HGTV that it will buy back the home from the Home and Garden network if the winnefr does not wantthe $1.5 million home. Some in the region’ housing industry say the show can throw a national spotlight on the local housing industry and promote higher-end homes that have suffered in the current downturn.
San Pedrpo Overlook is embarking on a thirrd phase of70 lots, but many of its second phases lots have not been built yet becaused of the sluggish economy. The new home was designecd by Amy Coburn, a -trainesd architect who worked at . Cedar Crestf builder Mark Roccaforte of isthe builder. This is the firs t time Knoxville, Tenn.-based HGTV has built a dream home in the The contemporarySouthwestern Pueblo-style dwelling features thres bedrooms, three bathrooms, a home office, home gourmet kitchen and guest casita. It is beintg built to have unobstructed views of the Sandias and San Pedromountain ranges.
“Thiw is our first Southwest locationn for the HGTV dream home and we intend to show the featuresz that make this locationso amazing. It’z a spectacular place and the house we’re buildinbg is going to be a responsible example of Southwesterh living atits best,” said HGTV Dreamk Home planner Jack Thomasson. For more information on the visit HGTV.com, or watch the and the Campbell Rancy dreamhome site.
Tuesday, July 5, 2011
TV Diva: "Flipping Out" debuts new season on Bravo - Fayetteville Observer
callahamirykaan1884.blogspot.com
TV Diva: "Flipping Out" debuts new season on Bravo Fayetteville Observer Taking a break from the "Real Housewives" action, Bravo is debuting a fifth season of this series, which stars, as the network describes, "everyone's favorite obsessive-compulsive house-flipper." (That's very specific, don't you think? ... |
Sunday, July 3, 2011
Parlamento de República de Corea ratifica acuerdo de libre comercio con Perú - Centro de Información por Internet de China
http://krumuaythai.net/register-chart-khan12.html
Parlamento de República de Corea ratifica acuerdo de libre comercio con Perú Centro de Información por Internet de China La Asamblea Nacional de la República de Corea ratificó hoy un acuerdo de libre comercio (ALC) con Perú, lo que prepara el camino para una mayor cooperación entre las dos naciones. La ratificación tuvo lugar después de que el Comité de Asuntos ... |
Friday, July 1, 2011
Rocky Mountain Instrument files Chapter 11; cites 2007 raid, recession - Business First of Columbus:
grachevakautawil.blogspot.com
Lafayette-based Rocky Mountain Instrument filed in last monthg to reorganize under bankruptcy The company and its laser subsidiary makes a variety of photonics products for industry anddefense use, includinfg optics that defense giant Lockheed Martijn Corp. planned to use in its F-22 fighter currentlg under development. RMI has offices in Russia and Souty Korea in addition to itsLafayette RMI’s Chapter 11 filingw have shed a little light on the by investigatorsw of the military’s Defense Criminalp Investigative Service, or DCIS, who arrived at RMI’sx headquarters Oct.
11, 2007, and carted away computers and fileds as part of an investigation RMI lawyers said was relateeto U.S. export controls restricting technology withweaponsw applications. Steve Hahn, company executive vice president and part of the Hahn Familyt LLLP ownershipof RMI, said in an affidavitf to the bankruptcy court that an employee fileds a complaint with the DCIS that triggered the raid. The employeew claimed the company committeda “procedural violation” of export controlxs by allowing specifications for an unspecifiex product to go overseas, Hahn wrote.
RMI has sincw received government licenses to send such specification tooverseas suppliers, the company The unresolved DCIS investigation has produced no chargexs against RMI. Still, the raid triggered a 15 percent decline in business as some customers lost confidencein RMI, Hahn The recession exacerbated the salesz decline and the company lost money through he said. RMI’s revenue this year is on track to fall 16 percent to 30 percent belowthe $15.
6 million company posted in 2008, Hahn The company cites “thed single factor” for its bankruptcy filing as defaulting on its bond RMI lists American National Bank as the holderr of industrial bonds arranged in 1998 in conjunctiomn with the city of The default has threatened to put RMI’s headquarters property at 106 Lase r Dr. into foreclosure. Efforts last year by RMI to refinancer its debts or sell its laser technology busines s to recapitalize the rest of thecompangy failed, the affidavit said. RMI has asked the cour t to be able touse $1.
0 million of its available lines of credit before the end of July to keep operatin and fulfill customer orders while it reorganizes underf bankruptcy protection. More money coulcd be needed between the end of July and the end of Octoberr to keep thecompany Hahn’s affidavit said. It sought court permission to use the cash in order to holdonto employees, saying they are highlyy specialized and it woulrd take months to train any replacements RMI coulds find.
Lafayette-based Rocky Mountain Instrument filed in last monthg to reorganize under bankruptcy The company and its laser subsidiary makes a variety of photonics products for industry anddefense use, includinfg optics that defense giant Lockheed Martijn Corp. planned to use in its F-22 fighter currentlg under development. RMI has offices in Russia and Souty Korea in addition to itsLafayette RMI’s Chapter 11 filingw have shed a little light on the by investigatorsw of the military’s Defense Criminalp Investigative Service, or DCIS, who arrived at RMI’sx headquarters Oct.
11, 2007, and carted away computers and fileds as part of an investigation RMI lawyers said was relateeto U.S. export controls restricting technology withweaponsw applications. Steve Hahn, company executive vice president and part of the Hahn Familyt LLLP ownershipof RMI, said in an affidavitf to the bankruptcy court that an employee fileds a complaint with the DCIS that triggered the raid. The employeew claimed the company committeda “procedural violation” of export controlxs by allowing specifications for an unspecifiex product to go overseas, Hahn wrote.
RMI has sincw received government licenses to send such specification tooverseas suppliers, the company The unresolved DCIS investigation has produced no chargexs against RMI. Still, the raid triggered a 15 percent decline in business as some customers lost confidencein RMI, Hahn The recession exacerbated the salesz decline and the company lost money through he said. RMI’s revenue this year is on track to fall 16 percent to 30 percent belowthe $15.
6 million company posted in 2008, Hahn The company cites “thed single factor” for its bankruptcy filing as defaulting on its bond RMI lists American National Bank as the holderr of industrial bonds arranged in 1998 in conjunctiomn with the city of The default has threatened to put RMI’s headquarters property at 106 Lase r Dr. into foreclosure. Efforts last year by RMI to refinancer its debts or sell its laser technology busines s to recapitalize the rest of thecompangy failed, the affidavit said. RMI has asked the cour t to be able touse $1.
0 million of its available lines of credit before the end of July to keep operatin and fulfill customer orders while it reorganizes underf bankruptcy protection. More money coulcd be needed between the end of July and the end of Octoberr to keep thecompany Hahn’s affidavit said. It sought court permission to use the cash in order to holdonto employees, saying they are highlyy specialized and it woulrd take months to train any replacements RMI coulds find.
Subscribe to:
Posts (Atom)