Has your business been impacted by recent corporate bankruptcies?
Although companies may seek bankruptcy protection for many reasons, the goal of creditors is to recoup as much of their funds as possible. China Fishery’s Trustee has filed a $22 million suit against HSBC, alleging the lender’s actions disrupted the sale of the company’s assets in Peru. In an atypical result, customers of the bankrupt Mt. Gox exchange may actually receive a bonus due to shifts in the bitcoin market. Other businesses, like retailer J. Crew, work to avoid bankruptcy by restructuring debt.
Whether you are a debtor or a creditor, when bankruptcy becomes a factor in your business, contact Asterion. Our professionals are adept at reviewing your issues with a focus on maximizing recoveries.
Your royalties may pay royally.
Several years ago, the USPS used the wrong Statue of Liberty on a postage stamp. Now, a Federal Claims Court judge has determined that the post office owes $3.5 million to the sculptor whose work was used by mistake. Dr. Dre and Jimmy Iovine fared even worse when a jury determined they owe a former business partner $25 million in royalties for the sale of Beats headphones.
If you need to value your royalty streams, the experts at Asterion can help.
Trends We’re Watching
Next term, SCOTUS will consider whether false statements are enough to prove fraud.
Is the flattening yield curve a sign of recession?
On the Lighter Side: Gravity.
Newton’s idea really did originate with a falling apple. Seek your own inspiration by sitting under one of the clones or descendants of the tree that are planted across the world.
What’s Puzzling Us
The cost of making pennies and nickels is more than their face value! Does one exclamation point provide enough emphasis for how surprised we are by this?
The Thread Recommends: Expanding your view.
Here’s a first look at a new planet, as well as photos of undersea life and the blue ice of the Antarctica.
Spotlight on Forensic Bankruptcy
Asterion, Inc. (“Asterion”) has extensive experience providing consulting services to parties in interest in bankruptcy proceedings.