ANTIOCH — After decades of service, Antioch school board member Claire Smith announced her resignation this week. Smith’s departure will take effect once the Contra Costa County Office of Education receives her written notice. Smith was unavailable for comment Thursday, but Antioch Unified School District trustee Diane Gibson-Gray said Smith and her husband are moving…
Editorial St. Croix V.I. retirees and future retirees need to start preparing themselves now for much smaller pension payments than they anticipated, because the trust fund will evaporate. There are no good options left to prevent this from happening and it may well reach a crisis point a year or two before the oft-cited 2025…
While investors have spent much of the recent few quarters looking toward commodities as a source of risk, a new saga has been opening. One that all investors should at least be aware of. The second chapter of this saga was concluded this week. In an addendum to Februarys 2015 results Credit Suisse (NYSE: CS)…
While investors have spent much of the recent few quarters looking toward commodities as a source of risk, a new saga has been opening. One that all investors should at least be aware of. The second chapter of this saga was concluded this week. ////> In an addendum to February’s 2015 results Credit Suisse(NYSE: CS)…
by Jonathan Garcia HM Government of Gibraltar commenced legislation on 24 March 2016, providing for Limited Liability Partnerships and this is the latest addition to the expanding suite of Gibraltar products that can now be offered. The Limited Liability Partnership is a very flexible vehicle and has been primarily designed with professional service providers in…
Scott M. Himes and Brent Weisenberg In today’s investment world, private equity firms, investment managers and other investors often acquire a substantial interest in a business and, as a consequence, earn the right to put “their people” on the company’s board. That person then becomes a “dual fiduciary”someone with fiduciary obligations to his or…
Legislative attack on Detroit Public Schools taking shape By Nancy Hanover 24 March 2016 On March 22, the Michigan Senate passed the Detroit Public Schools (DPS) reorganization legislation promoted by Governor Rick Snyder with bipartisan support. The effort by state and federal officials to use the school districts financial crisis to accelerate the attack…
Sharp Corp. is facing an increasing risk of liquidation if a rescue deal with Foxconn Technology Group is delayed further, according to a top-rated analyst tracking the electronics maker. Jefferies Groups Atul Goyal raised his estimated likelihood of Sharps liquidation to a new threshold of 30 percent to 40 percent from less than 5 percent, citing…
One Essex Court has hired banking silk duo Adrian Beltrami QC and Sonia Tolaney QC from 3 Verulam Buildings (3VB), just weeks after announcing Freshfields Bruckhaus Deringer disputes veteran Ian Terry will also join the set. The pair will be joined by juniors James MacDonald and Sandy Phipps. Beltrami specialises in commercial litigation and advisory…
My recent article, Puerto Rico Illustrates Need For New Public Employee Pension Disclosures, argued that any rescue Puerto Rico rescue bill passed by Congress needs to include the provisions of Rep. Devin Nunes Public Employee Pension Transparency Act (PEPTA), which would require that state and local governments accurately disclose their public employee pension liabilities. This…