Breaking the buck was particularly calamitous for both the Reserve Primary Fund and the marketplace at large since the chairman of the firm, Bruce R.
Bent, co-invented money market funds--by definition the safest place to invest in the world. According to James B.
Stewart, revisiting the collapse of Lehman for the New Yorker a year later, Bent had insisted for decades "that money-market funds should confine themselves to Treasury bills and bank certificates of deposit, but inas other firms made huge profits, the Primary Fund began buying highly rated commercial paper as well I like to think of it as 9 hundredths of a cent instead of 9 ten thousandths of a dollar.
A frown, in other words, is just a smile on the wrong side of a decimal point. And hey--be sure not to spend it all in one place. Tags The Name is Bond.
We have overhauled risk management and reduced risk exposures, while shedding assets and businesses that are not core to our strategy. We are completely focused on our clients and generating consistent, high-quality earnings There is no claim form or notice to share on our class action monitoring website, but between me, you and the wall here?
The claims administrator will be Garden City. We know a guy who knows a guy who knows a guy a former cop who saw the Stipulation and Agreement of Settlement.
Are you ready for the paperwork and data parsing? Can you afford to miss out? Call CCC today and make sure your claim is shaken OK, I will stop now. Tags Tuesday May 7th You may have caught us in your favorite blog. The article surveys entire securities class action settlement world from the point of view of an investment adviser, and explains why many savvy advisers have turned to CCC.
Take a look at the article, and then give us a call. Tags Chicago Clearing Partners with Market76 Friday April 10th Founded inthe company develops cutting edge web-based technologies for financial advisory firms.
They are, as they say on their site, by advisors and for advisors. It makes sense that a company like Marketwhose very objective is to simplify complex advisory tasks--would partner with CCC. Frank Eden, the co-founder, recently wrote on his blog, "With a single mouseclick, M76 advisors have the opportunity to opt-in the CCC service, ensuring their clients maximize returns while advisors are spared the headache of the litigation process.
There may be more coming. The plaintiffs have decided to delay any claim filing process until they know for sure. We are tracking this case and will file claims for our clients once the settlement is finalized. The Countrywide settlement is also hanging in legal limbo.
At a settlement hearing on July 10, Judge Mariana Pfaelzer asked for clarification about how the plan of allocation formula applies to potential claimants.
As someone who has read many plans of allocation, I envy her ability to issue an order and demand clarity. However, its eventual approval is likely, as this website already set up by the claims administrator may indicate: Please continue to check the Chicago Clearing Corporation client portal.
And if you are not a client of CCC, what are you waiting for? Household International did not settle, the trial took place inand the jury sided with the defense. Despite the lack of a defined award amount, the claim filing process began in Check the latest Permanent Labor Certification (PERM) stats, search for previous PERM filings, track what PERM are getting processed and subscribe with your PERM case number.
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