Saturday, September 24, 2011
Pricing Gap Revealed in Apple REIT Eight
David Kelly of InvestmentNews.com, June 15, 2011, writes that the price of one in a series of 10 nontraded REITs sold exclusively through David Lerner Associates Inc. took a hit yesterday when management from Apple REIT Eight Inc. said that its book value was $7.57 per share at the end of March, according to a [...]
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Starting a Company: One Needless Risk
Takeaway: Founding a company without a written, situation-specific contract between the owners is a massive risk that can not only kill the business but destroy relationships between business partners. At the same time, this risk is easily avoidable by hiring a qualified, experienced corporate attorney to draft the document at the start. Starting a business can be financially challenging, and there is a strong temptation to “cut corners” with the company’s “foundational” or “core” legal documents that bind the members of a new company together.
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Did Goldman Sachs Play an Unwholesome Role in the Recent Financial Crisis?
According to an article published by Reuters on June 2, 2011, Goldman Sachs has been subpoenaed by the Manhattan District Attorney?s Office for information regarding its role in events which precipitated the recent worldwide financial crisis. Earlier this year, the Wall Street Journal reported that the U.S. Department of Justice also plans to subpoena Goldman [...]
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