Since pitching Kratos (NASDAQ:KTOS) equity as a short last year that made close to 50% at one point, the stock has largely recovered despite deteriorating financial performance. As a reminder, Kratos is a specialized security technology business providing products, solutions and services for domestic and international customers, with a focus on the US Government. We…
The two men found guilty of Australia’s biggest art fraud case involving fake Brett Whiteley paintings which sold for for $3.6 million have been jailed, but a Supreme Court judge granted the pair a stay on their sentences after admitting he was troubled by a jury’s verdict. Justice Michael Croucher on Friday said there was a…
Kevin Schembri Orland Friday, 4 November 2016, 07:37 Last update: about 19 minutes ago Vitals Global Healthcare Director Ram Tumuluri has told The Malta Independent: I have never had a company that went bankrupt. Recently reports in the media said that a company previously run by…
More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the millions of dollars they are owed. These 157 creditors are owed $4.9 million by Homestead Homes and they include subcontractors as well as customers who paid deposits on homes that remain unfinished. “It owes…
Rocco Arico accused of being “puppeteer” in drug, extortion trial exit Accused drug trafficker Rocco Arico has been branded the “puppeteer” behind a scheme to recover an alleged $100,000 drug debt following a string of threats and attacks staged against a former friend and associate. The prosecution’s claim was put to Mr Arico after he…
More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the millions of dollars they are owed. These 157 creditors are owed $4.9 million by Homestead Homes and they include subcontractors as well as customers who paid deposits on homes that remain unfinished. “It owes…
More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the money they are owed . These 157 unsecured creditors are owed a total of $4.9 million by Homestead Homes and include tradesmen and subcontractors as well as customers who have paid deposits to build…
Introduction Facts Decision Comment Introduction In BTI 2014 LLC v Sequana SA [2016] EWHC 1686 the High Court was recently asked to consider whether: payment of dividends contravened Part 23 of the Companies Act 2006; the decision to pay the dividends was a breach by the directors of their fiduciary duties towards the company;…
Galway Bay fm newsroom Theres been a 20 percent drop in the number of Galway firms being declared insolvent. Figures from business services firm Vision-Net show that so far this year, 40 companies across the county have published insolvency notices. Between January and October of this year, 40 firms across Galway published insolvency notices. Thats…
Updated Nov. 3, 2016 10:20 a.m. ET BERLIN Volkswagen AGs efforts to cut costs amid mounting burdens of its emissions-cheating scandal face a new roadblock, as core shareholders and labor representatives meet for an extraordinary shareholders meeting on Friday to try to break an impasse over restructuring. Chief Executive Matthias Müller, who took command a year…