1 Lehman Creditors Committee's Lawyer at Milbank Charges $1,050 an Hour
Lehman Brothers Holdings Inc. creditors’ lawyer Dennis Dunne of Milbank Tweed Hadley & McCloy LLP bills the defunct firm at $1,050 an hour for services to the creditors committee after raising his fee in January from $995 an hour, according to a court filing today. Source: Bloomberg
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2 Slowdown in Filings Fuels Competition for Bankruptcy Cases
Something new is hitting the bankruptcy bar: a slowdown. Just two years after the collapse of Lehman Brothers Holdings, the number of businesses filing for Chapter 11 is dropping off. Meanwhile, competition is heating up among firms eager to handle newly filed cases as recent years' large bankruptcy matters wrap up. Business bankruptcy filings nationwide fell 4 percent in the first six months of ... Source: Law.com
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3 Finance and Banking
Under the Form ADV instructions, a wrap fee program is any advisory program where a specified fee, or fee not based on account transactions, is charged for advisory services and execution. Source: Mondaq
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4 Local non-profits could lose tax exempt status
Nearly 40 small Washington Parish non-profit organizations are among the hundreds of thousands across the country at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008 and 2009. Now the IRS is offering those with filing due dates between May 17 and Oct. 15 a chance to preserve their status if they file returns by Oct. 15. Source: The Daily News
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5 US at it again! Ohio bans outsourcing to India
The spectre of protectionism has reared its head again in the United States, with Ohio Governor Ted Strickland enforcing a ban on outsourcing of all IT and back-office projects to India by government departments, says a ComputerWorld report. Source: rediff.com
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6 Finance and Banking
After significant effort and time, the Securities and Exchange Commission ("SEC") finally has adopted amendments to Form ADV and related brochure filing and delivery requirements ("Part 2 Amendments"). 1 Form ADV Part II, currently a "check-the-box" form supported by a disclosure schedule, will now be replaced with Form ADV Part 2, which in most cases will require each SEC-registered investment ... Source: Mondaq
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7 Musings on mom's marriage
Good day,I need your response urgently on this matter. My uncle is filing for my mother but the thing is, she got married last year. Since July this year, we started receiving some immigration papers... Source: Jamaica Gleaner
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8 Mesa man gets 3 years in prison on tax fraud
Gregory A. Peters, 37, an accountant, will spend nearly three years in federal prison. Source: The Arizona Republic
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9 Hewlett-Packard, Citigroup, Barclays, Wal-Mart in Court News
Hewlett-Packard Co. said it sued former Chief Executive Officer Mark Hurd, who was hired by Oracle Corp. as a president, to force the executive to comply with agreements to protect confidential information. Source: Bloomberg
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10 Fees to be shifted to law library
Marion County commissioners on Tuesday agreed to divert revenue from fees paid in criminal cases to prop up the court system's struggling law library. Source: The Ocala Star-Banner
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