The ABA Journal reports about a precedent setting appeals court ruling. Michael Eric Hedlund still owed $85,000 in student loans although he graduated law school back in 1997. A bankruptcy court ruled that since he made a good faith effort to cut expenses and pay the bills, $53,000 of the student loan debt could be discharged. The ruling
The who’s who of the small and microcap finance world are gathering at the Grand Hyatt Hotel in New York today for the second annual Marcum LLP Microcap conference. I’m moderating a panel on corporate governance, dozens of exciting, growing companies are making presentations, and lots of active investors (supposedly around 1500) are expected. Our
President Obama last week nominated two senior US Senate aides to replace one Democratic and one Republican commissioner of the Securities and Exchange Commission. As we know, there are 5 commissioners, two from each party and then the fifth is a chair from the party of the sitting President. Obama chose Kara M. Stein (Democrat)
StockNewsNow recently posted an interview I did a few months ago while attending the Roth conference in California. I talk about the JOBS Act, entrepreneurship, the SEC, my firm and more. You can check it out at http://www.youtube.com/watch?v=LsfxUk6XU_U. Enjoy!
The stock market shooting through records. Consumers watching their 401(k) accounts grow in value. Housing prices are rising. The gross domestic product is rising, slowly. I’m barely an armchair economist but it seems we are still missing some key elements to a substantial recovery, some of which Jim Kramer discussed on TV this morning. First,
The US House of Representatives passed a bill recently giving the Securities and Exchange Commission a deadline for completing Regulation A rulemakings required by the Jumpstart our Business Startups (JOBS) Act. The law did not have a deadline, the bill would require rules to be written by October 31, 2013. Unfortunately, the SEC has missed
A few weeks ago the Securities and Exchange Commission announced a new permanent head of its Division of Corporation Finance, Keith Higgins. He is currently a partner at the law firm Ropes & Gray in Boston and is expected to start in June. Also, interim head Lona Nallengara was pushed upstairs as Chairman Mary Jo
Today is Memorial Day in the US, when we pay our respects to those who fought and died to protect our nation. Like too many other holidays, many of us forget the meaning of the day as we head to the beach, barbecue and shop for holiday specials. We should certainly enjoy the day off.
The lawyers at big law firm Skadden Arps had a daunting task, according to the ABA Journal. Working on Disney’s acquisition of Star Wars creator Lucasfilm last year, they had to check whether Lucas actually owned the rights to more than 10,000 characters in the various films. The partner decided to recruit only Star Wars fans to the working
A rough period here in the US for events with mass casualties, some man-made and some brought to us by Mother Nature. This week’s devastating record-breaking super tornado in Oklahoma, killing dozens, the Boston Marathon bombing, the Connecticut school shooting, superstorm Sandy here in the Northeast. Innocents killed including too many children. Of course anyone