The Emergency Manager law doesn’t need revamping. What needs to happen at the State level is to appoint Emergency Managers that actually have training and experience in crisis management. The Turnaround Management Association provides the training and testing to determine… Continue Reading  

Barney Frank once said, “the public hates Banks and because legislators hangout with bankers they hate politicians too”. The difference between lenders and borrowers perspectives of each other often leads to irreconcilable differences. Borrowers on one hand believe lenders are… Continue Reading  

Every year we pick a few deals to be judged for our transactional excellence by our peers against our competition. For the tenth consecutive year we have been recognized as the top financial advisory firm for transactions in the merger… Continue Reading  

With Governor Christie throwing his hat into the presidential ring of candidates I am wondering how much coverage will be made of New Jersey’s financial plight. While most of the focus has been on Greece, the bigger financial story will… Continue Reading  

In the last few years, we have seen a number of golf course workouts. This has been fueled in part by a lack of demand for residential development around courses and a general decline in the popularity of golf. Golf… Continue Reading  

While the legal and financial engineers have been taking a victory lap through parties and the lecture circuit over the past few months, I question whether Detroit is left in a sustainable position. The professionals have beaten their chests on… Continue Reading  

Why are corporations perceived so poorly in the public eye? Public opinion polls show that 84% of all people believe corporations care only about the bottom line. Mass media feeds this perception by portraying corporations as dishonest and focused only… Continue Reading  

Judge Rhodes, several months ago, expressed concern about whether the City could meet its obligations under the Plan. Since the City and almost all of the creditors were in favor of the spoils provided them in the restructuring plan, the… Continue Reading  

Buy and sell side transactions are an opportunity for middle market shareholders to greatly enhance their enterprise. In fact, these transactions can often be the most important milestone in any given year. As a result, due diligence employed prior to… Continue Reading  

I am sure at 2:31 pm yesterday, immediately after Judge Rhodes ruling, the City and the Swap Bank’s financial advisors and attorneys were wondering why they spent the Christmas holidays in long sessions negotiating and not sitting around a fire… Continue Reading