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Yesterday, there was a hearing in New York over the Lehman bankruptcy where Lehman CEO Bryan Marsal, who we’ve written about several times over the past year (see here and here). The big headline out of yesterday’s hearing was Marsal’s statement that claims against Lehman could top $1 trillion since the number of claims already [...]
As footnoted regulars know, Friday night is when the best stuff is dumped at the SEC. One of the last filings to come in this past Friday was this 8K filed by American International Group (AIG). The filing focuses on the new Special Master for Compensation rules that we footnoted last week. This Bloomberg story [...]
Every now and then, we come across a filing that truly makes us scratch our head. We’re just not quite sure what to make of it. And that’s exactly how we felt when we came across this Form 4 filed late yesterday by AIG. Maybe it’s because we don’t spend a lot of time digging [...]
Last we checked, Freddie Mac (FRE) was still operating under a conservatorship, having received over $51 billion in taxpayer money. And, we seem to recall lots of chest-beating last year about sharply lower salaries and fewer perks for the new group of top executives charged with setting Freddie (and Fannie Mae) back on the path [...]
Late yesterday, the SEC put out a brief statement to let everyone know that despite what you may have read recently from Judge Jed Rakoff’s unhappiness with the SEC’s offer to wipe away the Merrill bonus disclosure problem with a $33 million fine, it planned to “vigorously pursue” its case against Bank of America (BAC). [...]
