The Supreme Court of Canada recently found two banks liable in conversion for a $5.5 million check fraud carried out by a former employee of a major pharmaceutical company. The decision stands as the court’s most recent consideration of the “fictitious or non-existent” payee defense to the tort of...
Corporate distress is rarely a surprise to participants in the capital structure, and it usually rears its ugly head over a series of unfortunate events. Customer losses, an unfavorable shift in industry dynamics, delayed G&A cuts, covenant breaches, and dwindling liquidity are just a small...
In the robust financing environment of 2017, commercial bankruptcies leveled off from credit-crisis highs. Through the first three quarters of 2017, commercial bankruptcies totaled 17,371, a significant decline from the 2009 peak year, when 45,510 commercial bankruptcies were filed in the first...
The distressed investor considers investing in securities of companies that are either in bankruptcy or are approaching bankruptcy. Typically, these companies have outstanding claims greater than the value of the assets and are experiencing difficulty in servicing their debt. There is a real...
The past few years have brought a number of large rights offerings in bankruptcies in the energy, healthcare, and retail sectors. Between January 1, 2015, and December 1, 2017, more than $5.5 billion was raised through rights offerings or private placements in more than two dozen large bankruptcy...
Distressed investing has been strong since the collapse of the financial markets in 2008, but as the economy has continued to expand, it has become increasingly opportunistic. It appears that the U.S. economy, which is heading into its ninth year of expansion, will continue to expand, with low...
TMA honors excellence through its annual awards program, which recognizes achievements in the categories listed below, plus more. The following awards were presented at The 2017 TMA Annual in Fort Worth, Texas, on Monday, October 23. TMA INDIVIDUAL AWARDS Jonathan Reimche, TMA Global Awards...
Cheer on TEAM USA in the Winter Olympics with TMA NEXT GEN!! Join TMA in a private room at the Hudson Grille Midtown for an evening of good sports and networking. Date and time: February 22, 2018 6:00 pm - 10:00 pm Location: Hudson Grille Midtown 942 Peachtree St NW Atlanta, GA 30309 Price: $40
Join us over coffee and breakfast for a great morning of networking. Make professional contacts, get to know one another better, and grow your network of business contacts. No formal program or agenda, simply an opportunity to expand professional contacts in the Buffalo area. Be sure to bring...
