DOCSLIB.ORG

Medical School Bleeds Yeshiva U

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Medical School Bleeds Yeshiva U 20141215-NEWS--0001-NAT-CCI-CN_-- 12/12/2014 7:02 PM Page 1 STAFFERS AT MOSCOW57 have a good reason to sing CRAIN’S® NEW YORK BUSINESS PAGE 21 VOL. XXX, NO. 50 WWW.CRAINSNEWYORK.COM DECEMBER 15-21, 2014 PRICE: $3.00 Medical school bleeds Yeshiva U University pressured to sell real estate and end Einstein College’s $100M annual losses BY BARBARA BENSON A deal meant to stabilize the finances of money-losing Albert Einstein Col- lege of Medicine of Yeshiva University may be derailed,putting more financial pressure on the university to address losses dating back to a reported $100 million hit from former trustee Bernard Madoff ’s fraud scheme. Hobbled with a junk-bond-status credit rating, JUNK-BOND-B3 Yeshiva University STATUS CREDIT officials have spent RATING for recent years selling Yeshiva University off real estate, debt completing a $175 million private placement to in- ESTIMATED$150M Mayor de Blasio: vestors, and strik- ANNUAL DEFICIT ing the now-falter- for Yeshiva ing deal to create a University as of September joint venture be- 2014 tween Einstein and Montefiore Medical Center in 2/3 Year One the Bronx. SHARE OF newscom But last week, LOSSES from Albert Einstein Moody’s Investors College of The sky didn’t fall, but biz execs THE INSIDER Service issued a Medicine credit-rating re- remain wary of City Hall agenda port that suggested More than horses Yeshiva’s restructuring efforts may not produce results quickly enough.Citing BY ANDREW J. HAWKINS at stake for activist a potential cash crunch, the report raised “the possibility that Yeshiva This time last year, many business owners feared that the impending could exhaust unrestricted liquidity mayoralty of Bill de Blasio, an unabashed populist eyeing the bulging BY CHRIS BRAGG before successfully addressing its deep pockets of the 1%, would doom New York City. operating deficits.” Higher taxes, rising crime, Sandinista sympathizers populating City In January 2013, real estate executive Stephen “Our analysis speaks to the severity Hall—these were the fever dreams of a business community bracing for Nislick met with Bill de Blasio, then the city’s of the issue,” Moody’s lead analyst the departure of Michael Bloomberg, who for 12 years ran the city like public advocate, according to a list of lobbying Karen Kedem told Crain’s last week. the businessman he is. meetings maintained by Mr. de Blasio’s office. “Their ability to turn things around is The fears have since receded, but the private sector still finds itself The deep-pocketed Mr. Nislick had gained limited by their liquidity.” See FIRST YEAR on Page 19 See HORSE on Page 5 See MED SCHOOL on Page 20 50 5 REPORT SMALL BUSINESS THE LIST Entrepreneurs are pushing the marketing City’s largest BIDs clout of do-good capitalism PAGE 11 PAGE 13 NEWSPAPER 71486 01068 0 20141215-NEWS--0002-NAT-CCI-CN_-- 12/12/2014 6:28 PM Page 1 REPORTER’S NOTE Junk bond FYICRAINSNEWYORK.COM Ladies and gentlemen, presenting the Wall Street quote of the year: “I would crawl on broken glass Boroughs get up to speed dragging my exposed junk to get in city’s Wi-Fi kiosk plan this deal.”This head-snapping line came from a toy-industry analyst at oroughs outside Manhattan will be 1-gigabit-speed Wi-Fi kiosks investment bank Needham & Co. getting faster who seemed willing to do, well, than originally planned under a citywide Aaron Elstein B just about anything for a customer. pay-phone franchise agreement approved last In this case, the customer was retail week. ¶ That change and others led the Franchise and Concession Review Committee newscom giant Toys R Us, which was looking for banks to help to Scott Stringer manage an initial public offering four years ago unanimously approve the deal. It also pleased Comptroller and the five borough (though the quote came to light last week). Alas, the presidents, who had criticized the rollout as being unfair to the Bronx, Brooklyn, Queens and CityBridge Financial Industry Regulatory Authority said Staten Island. ¶ Plans for the $200 million project, to be built by the consortium, called for Staten Island and the Bronx to have more kiosks than Manhattan with speeds Needham and nine other firms were a wee bit originally of 100 megabits per second excessive in their enthusiasm for the deal, and fined —faster than what’s in most households but a tenth the speed of a them $43.5 million for promising Toys R Us that gigabit connection—when the eight-year plan is complete.That was partly because the speeds their research analysts would say only good things had been tied to which kiosks carried advertising, an arrangement that favored Manhattan. Now hundreds of gigabit-speed kiosks that don’t have advertising will be installed in the boroughs about the retailer after the IPO.The case reminds me of the Nasdaq-bubble days, when analysts like during the first four years of the project. ¶ There will still be 7,500 kiosks at the end of eight years, Merrill Lynch’s Henry Blodget, Salomon Smith with the biggest number in Manhattan, but the plan now is to make them all 1-gigabit speed where Telebeam Telecommunications Barney’s Jack Grubman and Morgan Stanley’s Mary possible. ¶ One cloud still hangs overhead, however. , a firm that Meeker routinely raised their opinions on stocks to competed to build the network, sued the city, charging it with giving CityBridge monopoly win investment-banking business for their firms. A control of public pay phones in violation of the Telecommunications Act of 1996.The city said it New York attorney general named Eliot Spitzer is reviewing the papers and remains committed to the plan. —matthew flamm forced an end to that. But old habits die hard, and DEVELOPMENT GRANTS. New York costs, leaving it “marginally prof- the Needham analyst wasn’t the only one to go gaga City will receive $61.2 million of the itable.”… MERCY FOR MADOFF AIDES. HOORAY! over the chance to work with Toys R Us. Upon $709.2 million being given out A government lawyer criticized U.S. QUEENS WAS through Gov. Andrew Cuomo’s Re- District Court Judge Laura Taylor NAMED the concluding a meeting with the company’s No. 1 U.S. gional Economic Development Swain, who presided over the cases of tourist management and owners at Kohlberg Kravis Council awards. Only three other four former Bernard Madoff employ- destination by Roberts and Bain Capital, a Goldman Sachs analyst state regions received fewer funds. … ees involved in the Ponzi scheme, as travel INSIDER-TRADING SETBACK. guidebook emailed that he was “EXTREMELY EXCITED” A federal being too soft. Last week in Manhat- Lonely Planet. court put the brakes on prosecutors by tan, the defendants received a com- and “APPRECIATE[D THEIR] TIME.” But determining that to obtain an insider- bined 21 years behind bars, less than istockphoto when a Deutsche Bank analyst wasn’t sufficiently trading conviction, it must be proved half the 56 years recommended by the OY VEY! bullish at a meeting with Toys R Us, an investment that a defendant knew the informa- court’s probation office. … BROKER- tion was confidential and that it was AGE DEAL. Privately held Cushman & A MISTLETOE DRONE at the TGI Fridays banker bemoaned: “Firm totally screwed up—all is in Sheepshead Bay, Brooklyn, hit a provided in exchange for something Wakefield is reportedly close to buy- photojournalist in the face, chipping off lost.” By the way,Toys R Us never went ahead with personally beneficial. The narrower ing Manhattan-based Massey Knakal the tip of her nose. the IPO. At least the Needham guy got to keep his definition led the court to overturn the Realty Services for $100 million. … junk covered. 2012 convictions of former hedge- COP INSPECTOR. In the wake of Eric fund traders Todd Newman and An- Garner’s chokehold death, the City thony Chiasson. The Council has ordered THIS WEEK IN CRAIN’S ruling could bolster ‘I’m off to newly appointed the appeal of SAC NYPD Inspector Capital Advisors’ shoot some General Philip Eure THE INSIDER -----------------------------------------------1 Michael Steinberg. to probe the depart- FEDERAL EBOLA hoops now or IN THE BOROUGHS-------------------------- 3 … ment’s handling of FUNDING. A proposed whatever it is officers who have a to focus on blogging. He has named a IN THE MARKETS---------------------------------- 4 spending bill by Con- history of run-ins seven-person managing board, of REAL ESTATE -----------------------------------------------7 gress would offer $5.4 you do’ with citizens. … which he will be a member,to lead the billion in new funding —Prince William, at a NATURAL GROWTH. firm. … ED CHIEF TO D.C. New York OPINION------------------------------------------------------------- 8 for Ebola response in reception for wildlife The American Mu- State Education Commissioner John nonprofit Tusk Trust, GREG DAVID ------------------------------------------------9 New York City. It seum of Natural His- King Jr.will leave to become senior ad- would include cash to before heading to a tory is planning a viser to Arne Duncan, the U.S. secre- ALAIR TOWNSEND ------------------------- 10 train workers and basketball game at $325 million, six- tary of education. … BLOOMBERG Barclays Center REPORT-----------------------------------------------------------11 repay Bellevue Hospi- story addition along EDITOR. Matthew Winkler, Bloom- tal for Dr. Craig Columbus Avenue berg News’ co-founder and editor in THE LIST ---------------------------------------------------------13 GOTHAM GIG Spencer’s treatment. … BIG CITI dedicated to scientific research and chief since 1990, stepped down and Tanjila Islam’s international CLASSIFIEDS -----------------------------------------17 CHARGE. The bank will take $3.5 bil- education. … GAWKER RESHUFFLES. will be replaced by John Mickelthwait, background helps make lion in charges during the fourth quar- Nick Denton, president of Gawker editor in chief of The Economist.
Load more

Recommended publications
  • New York City City Guide
    New York City City Guide Quick Facts Country USA Currency US Dollar $ 100 cents makes $1 Language English Population 18,498,000 Time Zone GMT -5 or GMT -4 (March to November) Climate Summer Av Max 28°c Autumn Av Max 15°c Winter Av Max 5°c New York City’s Brooklyn Bridge at dusk Spring Av Max 15°c Introducing New York City What to See in New York City Capital of the world‟s financial, consumer and Architecture Interesting buildings include 50 cast-iron entertainment fields, New York is a city of towering buildings in SoHo District; the Jefferson Market Courthouse skyscrapers, bright neon lights and world-class museums. in Greenwich Village; the Flatiron Building; the New York It is one of the most dynamic cities on earth. It pulsates Public Library; Grand Central Terminal; the United Nations with life and has something to suit every taste. It headquarters, an international zone with its own post office comprises the five districts of Manhattan, the Bronx, and stamps; the Rockefeller Center; the Chrysler Building Queens, Brooklyn and Staten Island. It has over 6 000 with its gleaming stainless-steel spire. miles of streets, so walking isn‟t an easy option! Use the buses, subways and unique yellow cabs. The Empire State Building is the tallest and most striking skyscraper. Climb the Empire State Building„s 1576 steps Chinatown and Little Italy on the Lower East Side are from the lobby to the observation deck on the 86th floor. colourful neighbourhoods adding to the cosmopolitan flavour of The Big Apple.
    [Show full text]
  • Silicon Alley Media, Inc
    Beta How To Write A GREAT Business Plan Henry Blodget Co-founder, CEO & Editor-in-Chief, Business Insider Beta What We Know About Business Plans • We’ve seen a lot of business plans – 10 years on Wall Street working with growth companies – We run a business plan competition with hundreds of entrants – Startups pitch us ideas every day • We’ve been through it ourselves – Business Insider has raised several rounds of investment Beta What Makes A Business Plan GREAT? • The GREAT ones are concise and and crystal clear. They explain: – WHAT your value-proposition is – WHY you will win – HOW you will execute your plan 3 Beta Overview of Today’s Presentation • Why do you need a business plan? • What goes into a great business plan? (Step by step) • Quick guide to the elevator pitch Beta How Important Are Business Plans? 5 Beta Why Bother With A Business Plan At All? • Forces you to analyze key questions: – Market size – Existing competition – Your value-proposition – Realistic assessment of obstacles and challenges • Helps you refine idea • Helps you raise money Beta Type Of Plan Depends On Type Of Business • Capital intensive businesses: – Require abundant planning and risk management – Ex.: mining, manufacturing, food services, data centers • => Create detailed business plan Beta Type Of Plan Depends On Type Of Business • Less capital intensive – Need to be nimble and adapt strategy – Excessive planning an impediment to agility – Ex.: internet start-ups, service businesses • => Create less-detailed business plan Beta Key Elements Of Your Business
    [Show full text]
  • Fran Delgorio [email protected] 212.421
    resnick.nyc Fran Delgorio Brett S. Greenberg [email protected] [email protected] 212.421.1300 212.421.1300 The Center of It All • Located in the heart of Manhattan’s most affluent neighborhood, on 57 Street at 7th Avenue and at the base of the historic Osborne apartment building • Surrounded by plentiful Citi Bike stations • Less than one block from the new Nordstrom flagship store and across the street from Carnegie Hall • Nearby Columbus Circle retailers bring high foot traffic to the surrounding neighborhood • Surrounded by Manhattan’s most luxurious residential apartments and five-star hotels, including Park Hyatt and JW Marriot Essex House Neighborhood Pulse* • Area population of 43,000 • Average household income of $185,000 • $1.24 billion in total retail expenditure • 46,000 total office population, 97% professional workers • 535 company headquarters • Median home sales at $9.8 million • 7,400 hotel rooms Neighboring Businesses P Citi Bike Station P Parking Garage 37 RESTAURANT & DINING ARTS & CULTURE 1 Chipotle Mexican Grill 30 Carnegie Hall 3 2 Starbucks 31 The Art Students League 3 Paris Baguette 32 Museum of Art and Design 8th Avenue 4 Pret A Manger C 1 o 2 36 lu 5 Joe & The Juice RETAIL 32 m bu 6 Redeye Grill 33 Wells Fargo Bank P s C 35 ircle 7 Trattoria Dell’Arte 34 Duane Reade 40 8 Brooklyn Diner USA 35 Nordstrom Flagship Store 34 Broadway 9 Wolf at Nordstrom NYC 36 CVS Pharmacy 33 10 9Ten 37 The Shops at Colmbus Circle 11 11 Maison Kayser 38 Frank Stella Clothiers 5 12 41 Grom 39 Ascot Chang 12 13 13 Marea
    [Show full text]
  • Fiduciary Duties and the Analyst Scandals
    University of Pennsylvania Carey Law School Penn Law: Legal Scholarship Repository Faculty Scholarship at Penn Law 2007 Fiduciary Duties and the Analyst Scandals Jill E. Fisch University of Pennsylvania Carey Law School Follow this and additional works at: https://scholarship.law.upenn.edu/faculty_scholarship Part of the Antitrust and Trade Regulation Commons, Business Law, Public Responsibility, and Ethics Commons, Business Organizations Law Commons, Economic Policy Commons, Economics Commons, Law and Economics Commons, Legal Biography Commons, Legal Studies Commons, and the Work, Economy and Organizations Commons Repository Citation Fisch, Jill E., "Fiduciary Duties and the Analyst Scandals" (2007). Faculty Scholarship at Penn Law. 1058. https://scholarship.law.upenn.edu/faculty_scholarship/1058 This Article is brought to you for free and open access by Penn Law: Legal Scholarship Repository. It has been accepted for inclusion in Faculty Scholarship at Penn Law by an authorized administrator of Penn Law: Legal Scholarship Repository. For more information, please contact [email protected]. File: Fisch Macro Updated Created on: 5/22/2007 2:10 PM Last Printed: 5/22/2007 2:15 PM FIDUCIARY DUTIES AND THE ANALYST SCANDALS Jill E. Fisch* I. INTRODUCTION I am delighted to be here and to deliver a lecture as part of the series honoring Daniel Meador. I am also honored to be part of the group of dis- tinguished scholars who have delivered lectures in this series. I was invited to speak about fiduciaries and, in particular, whether research analysts should be regulated as fiduciaries. Regulators, legislators, and the self regu- latory organizations—the New York Stock Exchange and the NASD—have been paying a lot of attention to analyst regulation.
    [Show full text]
  • LPC Designation Report for South Village Historic District
    South Village Historic District Designation Report December 17, 2013 Cover Photographs: 200 and 202 Bleecker Street (c. 1825-26); streetscape along LaGuardia Place with 510 LaGuardia Place in the foreground (1871-72, Henry Fernbach); 149 Bleecker Street (c. 1831); Mills House No. 1, 156 Bleecker Street (1896-97, Ernest Flagg); 508 LaGuardia Place (1891, Brunner & Tryon); 177 to 171 Bleecker Street (1887-88, Alexander I. Finkle); 500 LaGuardia Place (1870, Samuel Lynch). Christopher D. Brazee, December 2013 South Village Historic District Designation Report Essay prepared by Christopher D. Brazee, Cynthia Danza, Gale Harris, Virginia Kurshan. Jennifer L. Most, Theresa C. Noonan, Matthew A. Postal, Donald G. Presa, and Jay Shockley Architects’ and Builders’ Appendix prepared by Marianne S. Percival Building Profiles prepared by Christopher D. Brazee, Jennifer L. Most, and Marianne S. Percival, with additional research by Jay Shockley Mary Beth Betts, Director of Research Photographs by Christopher D. Brazee Map by Jennifer L. Most Commissioners Robert B. Tierney, Chair Frederick Bland Christopher Moore Diana Chapin Margery Perlmutter Michael Devonshire Elizabeth Ryan Joan Gerner Roberta Washington Michael Goldblum Kate Daly, Executive Director Mark Silberman, Counsel Sarah Carroll, Director of Preservation TABLE OF CONTENTS SOUTH VILLAGE HISTORIC DISTRICT MAP .............................................. FACING PAGE 1 TESTIMONY AT THE PUBLIC HEARING ................................................................................ 1 SOUTH
    [Show full text]
  • Nyc & Company Invites New Yorkers to Discover Times
    NYC & COMPANY INVITES NEW YORKERS TO DISCOVER TIMES SQUARE NOW AND REVITALIZE THE CROSSROADS OF THE WORLD ——Earn Up to $100 Back and Enjoy Savings at Iconic Hotels, Museums, Attractions, Restaurants and More at Participating “All In NYC: Neighborhood Getaways” Businesses —— New York City (October 26, 2020) — NYC & Company, the official destination marketing organization and convention and visitors bureau for the CONTACTS five boroughs of New York City, is inviting New Yorkers to take an “NYC- Chris Heywood/ cation” at the Crossroads of the World, in the heart of Times Square. With Britt Hijkoop many deals to take advantage of, now is an attractive time to take a staycation NYC & Company 212-484-1270 in Times Square and the surrounding blocks, to visit some of the most iconic [email protected] hotels, attractions, museums, shopping and dining that Midtown Manhattan has to offer. Mike Stouber Rubenstein 732-259-9006 While planning an “NYC-cation” in Times Square, New Yorkers are [email protected] encouraged to explore NYC & Company’s latest All In NYC: Staycation DATE Guides and earn up to $100 in Mastercard statement credits by taking October 26, 2020 advantage of the All In NYC: Neighborhood Getaways promotion, NYC & Company’s most diverse, flexible and expansive lineup of offers ever, with FOR IMMEDIATE RELEASE more than 250 ways to save across the five boroughs. "Now is the time for New Yorkers to re-experience Times Square… for its iconic lights, rich history, hidden gems, world-renowned dining and unique branded retail and attractions. While we can’t travel out, we should seize this moment and take advantage of the Neighborhood Getaway deals to book a hotel and play tourist with an ‘NYC-cation’ at the Crossroads of the World,” said NYC & Company President and CEO Fred Dixon.
    [Show full text]
  • How Much Are Your Eyeballs Worth? Placing a Value on a Website's Customers May Be the Best Way to Judge a Net Stock
    How Much Are Your Eyeballs Worth? Placing a value on a Website's customers may be the best way to judge a Net stock. It's not perfect, but on the Net, what is? By Erick Schonfeld February 21, 2000 (FORTUNE Magazine) – Internet CEOs crave many things: world domination, instant service in bistros, fawning media attention. But what they crave above all else is eyeballs. That's less ghoulish than it sounds. In Webspeak, you see, eyeballs mean customers. Since the typical dot- com lacks the one metric that Wall Street has traditionally used to evaluate companies (you remember--earnings) analysts and investors have contrived other ways to size up Net stocks. One now stands out: market capitalization per pair of eyeballs. It's a useful first step in explaining why a company garners a certain kind of valuation. For instance, a pair of eyeballs at Web portal Lycos, with a $7.4 billion market cap, has a value of just $244; at Schwab, which has a $30 billion market cap, a pair is worth $4,562 (ironically, this also happens to be around the price a pair of real human corneas reportedly commands on the black market). If the Internet market were rational, the market cap per eyeball would represent the total profit that you could reasonably expect a company to get from its average customer, adjusted for risk and the length of time before those profits are realized. Internet analysts are the first to admit that today's is not a rational market. So correlating the lifetime value of eyeballs to a fast-growing dot-com's stock price is not perfect science.
    [Show full text]
  • Downloaded by Michael Mitnick and Grace, Or the Art of Climbing by Lauren Feldman
    The Dream Continues: American New Play Development in the Twenty-First Century by Gregory Stuart Thorson B.A., University of Oregon, 2001 M.A., University of Colorado, 2008 A thesis submitted to the Faculty of the Graduate School of the University of Colorado in partial fulfillment of the requirement for the degree of Doctor of Philosophy Department of Theatre This thesis entitled: The Dream Continues: American New Play Development in the Twenty-First Century written by Gregory Stuart Thorson has been approved by the Department of Theatre and Dance _____________________________________ Dr. Oliver Gerland ____________________________________ Dr. James Symons Date ____________ The final copy of this thesis has been examined by the signatories, and we Find that both the content and the form meet acceptable presentation standards of scholarly work in the above mentioned discipline. IRB protocol # 12-0485 iii Abstract Thorson, Gregory Stuart (Ph.D. Department of Theatre) The Dream Continues: American New Play Development in the Twenty-First Century Thesis directed by Associate Professor Oliver Gerland New play development is an important component of contemporary American theatre. In this dissertation, I examined current models of new play development in the United States. Looking at Lincoln Center Theater and Signature Theatre, I considered major non-profit theatres that seek to create life-long connections to legendary playwrights. I studied new play development at a major regional theatre, Denver Center Theatre Company, and showed how the use of commissions contribute to its new play development program, the Colorado New Play Summit. I also examined a new model of play development that has arisen in recent years—the use of small black box theatres housed in large non-profit theatre institutions.
    [Show full text]
  • 200 West 57Th Street
    200 West 57th Street New York, NY 10019 At 7th Avenue Prime Retail Spaces Available In the Heart of Midtown 1,514 SF Ground Floor 200 West 57th Street Ceiling Height: 14’ 3” 1,641 SF Ground Floor Frontage: 22’ on 57th Street 1,514 SF 1,641 SF Ceiling Height: 18’ • Steps from the new Nordstrom flagship store slated to open in 2018, 210-key Park Hyatt hotel and luxury 92-unit condominium ONE57 developments 7th Avenue West 57th Street • Located at the crossroads of major north-south and cross-town thoroughfares • Retail building tenants include 58TH STREET Fresh & Co, Fed Ex, and Trattoria Dell’Arte N BARBER PETROSSIAN TE PHARMACY • Surrounded by select hotels including the BOUTIQUE Y COFFEE ALIA Y S PARK HYATT N Plaza Hotel, Ritz-Carlton Hotel, Park Hyatt T ORK L CHOCOLA NEW YORK WBERR Y New York, Hotel Pierre, Park Savoy Hotel, AR CAFE TE OPENING 2018 ALISBUR Dream New York, and Peninsula Hotel QUALITY IT STRA FRESH & CO BERGDORF GOODMA THE STUDENT LEAGUE OF NEW S EUROPA HO 57TH STREET • Directly across from Carnegie Hall, near N Y M Columbus Circle, Central Park, Lincoln TER FedEx AN OR’S CLEANERS RUE 57 Center, Russian Tea Room, Rockefeller 200 N N DINER COHEN’S THEA JEWELR VENUE VENUE VENUE TRATORIA TEA ROO NAILS Center, and Radio City Music Hall LY DELL’ARTE DIRECT THE RUSSIA AGE BOOKS GUILD Z CHEMISTS KENJO METROPOLIT SMYTHSO 5TH A 5TH 6TH A 6TH 7TH A 7TH VINT BROOK RED EYE GRILL 56TH STREET BROADW E N N AN Y AR TT Q CHRISTMAS CHOP’T F ON Y COTTAGE TRE CLUB NY CIT CENTER AY HAIR SALO AGE ST INST R STEAKHOUS MANHA UNCLE JACK’S PARK CAFE THEA NAILS ST DELI LILLA SKIN CARE HARR W 55TH STREET New York New York 200 WEST 57TH STREET ENUE AV H 7T 1,514 SF Ceiling Height: 14’ 3” 1,641 SF Ceiling Height: 18’ Frontage: 22' 57TH STREET For leasing information, please contact Randall Briskin X218 | [email protected] 7 Penn Plaza, New York, NY 10001 T 212 279 7600 www.feilorg.com 3/18.
    [Show full text]
  • Jury Trial Demanded .41M' Defendants
    105). ttne 194' s4 UNITED STATES DI p, co vi 4/1 SOUTHERN DISTRIC i W YORK - _ —1 SANDRA and RONALD BLAIR, on behalf of Civil Action No. themselves and all others similarly siWfttbci, Plaintiffs, FEDERAL SECURITIES -against- CLASS ACTION COMPLAINT MERRILL LYNCH & CO., INC. and HENRY M. BLODGET, 1=1 Jury Trial Demanded .41M' Defendants. - • • , Plaintiffs, individually and on behalf of all other persons similarly situated, by4iteir'l undersigned attorneys, for their complaint, allege upon person& knowledge as to themselves and their own acts and upon infortnation and belief as to all other matters, based upon the investigation made by and through their attorneys, which investigation included, among other things, a review of analyst reports published and disseminated to the investing public by defendant MertillLynch & Co., Inc. ("Merrill Lynch"), internal communications of Merrill Lynch employees and recent court filings by the New York State Attorney General obtaining an order requiring immediate reforms by Merrill Lynch: NATURE OF ACTION 1. This is a securities class action on behalf of public investors who purchased the common stock of At Home Corporation, doing business as Exeite@Home ("Excite" or the "Company"), during the period from August 18, 1999 through June 20, 2001, both dates inclusive (the "Class Period"). Named as defendants are Merrill Lynch and its former star interne research analyst Henry M. Blodget ("Blodget"). These defendants are charged with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. 2. During the Class Period, defendants issued to the investing public false and misleading analyst reports and ratings about the business operations and prospects of the Company.
    [Show full text]
  • Restaurant Offers
    RESTAURANT OFFERS 117 W. 58th Street (between 6th and 7th Avenues) Offer arranged at Concierge desk Or in person (credential required) www.ninostuscany.com (212) 757-8630 50% off menu for players 25% off menu for all other credential holders This Upper Midtown gem is another winner for restaurateur Nino Selimaj. Featuring the hospitality and class that patrons have come to expect from Nino, Nino’s Tuscany is an excellent choice for all diners. Featuring a Tuscan inspired menu of Italian classics, along with many fine dishes featuring wild game, Nino’s Tuscany is a unique and high end option in the Italian dining scene. 235 Park Avenue S. (at 19th Street) Offer arranged at Concierge desk Or in person (credential required) www.citycrabnyc.com (212) 529-3800 25% off menu City Crab, proudly serving New York City’s freshest seafood since 1993. The East River at 30th Street Offer arranged at Concierge desk Or in person (credential required) www.thewaterclub.com (212) 683-3333 25% off menu The Water Club serves classic American cuisine in an elegant setting with sweeping river views. Enjoy refreshing cocktails and light bites upstairs at the rooftop tiki bar, The Crow's Nest. Located on the East River between 28th and 32nd Street in New York City. 90 East 42nd Street Offer arranged at Concierge desk Or in person (credential required) www.pershingsquare.com (212) 286-9600 25% off menu Pershing Square offers casual American cuisine in a bustling classic bistro environment. Conveniently located on 42nd Street directly across from New York's famous Grand Central Terminal’s main entrance and underneath the Park Avenue Viaduct.
    [Show full text]
  • The Inevitability of a Strong SEC, 91 Cornell L
    Cornell Law Review Volume 91 Article 1 Issue 4 May 2006 The nevI itability of a Strong SEC Robert A. Prentice Follow this and additional works at: http://scholarship.law.cornell.edu/clr Part of the Law Commons Recommended Citation Robert A. Prentice, The Inevitability of a Strong SEC, 91 Cornell L. Rev. 775 (2006) Available at: http://scholarship.law.cornell.edu/clr/vol91/iss4/1 This Article is brought to you for free and open access by the Journals at Scholarship@Cornell Law: A Digital Repository. It has been accepted for inclusion in Cornell Law Review by an authorized administrator of Scholarship@Cornell Law: A Digital Repository. For more information, please contact [email protected]. THE INEVITABILITY OF A STRONG SEC Robert A. Prenticet There are many visions for the future of securities regulation. One prominent view fratures significant private contractingfor disclosure and fraud protection. Another envisions regulatory competition, enabling compa- nies to choosefrom among a menu of regulatory regimes provided by different states, nations, or securities exchanges competing for incorporations or list- ings. This article demonstrates that these two regulatory regimes rely too heavily upon the reputationalconstraint, which is insufficient for the signifi- cant task of securities regulation. Tenets of behavioral psychology suggest that self-serving bias and other factors will too often cause managers to choose regulatory regimes that serve their own best interests rather than those of shareholders. Around the globe, most developed economies have rejected private con- tracting and regulatory competition in favor of emulating the United States' current strong-SEC model. An impressive body of transnationalempirical evidence supports the viewpoint that the strong-SEC regulatory model is sig- nificantly more effective than alternatives at promoting capital markets.
    [Show full text]