Sentences with phrase «fund as settlement»

In addition should a broker become bankrupt, its creditors are not allowed to tap into the broker's clients fund as settlement of the broker's debt.

For the most part, compensation you receive as a personal injury settlement is not taxable on the state or federal level whether you received the funds as a settlement before trial or after filing a lawsuit.

Not exact matches

NEW YORK, April 25 - Venture capitalist Peter Thiel on Wednesday abandoned his effort to buy the irreverent news website Gawker.com, as part of a settlement freeing the billionaire from possible lawsuits for having secretly funded litigation that led to its demise.

Pai defended the Verizon settlement as «an important measure that both enforces our rules and restores critical taxpayer dollars to the Universal Service Fund.»

Specifically, SHKRELI, assisted by GREEBEL and others, defrauded Retrophin by causing it to: (i) transfer Retrophin shares to MSMB Capital even though MS ~ B Capital never invested in Retrophin; (ii) enter into settlement agreements with defrauded MSMB Capital and MSMB Healthcare investors to settle liabilities owed by the MSMB Capital and MSMB Healthcare funds (the «MSMB Funds») and SHKRELI; and (iii) enter into sham consulting - agreements with other defrauded MSMB Capital, MSMB Healthcare and Elea Capital investors as an alternative means to settle liabilities owed by the MSMB Funds and SHKfunds (the «MSMB Funds») and SHKRELI; and (iii) enter into sham consulting - agreements with other defrauded MSMB Capital, MSMB Healthcare and Elea Capital investors as an alternative means to settle liabilities owed by the MSMB Funds and SHKFunds») and SHKRELI; and (iii) enter into sham consulting - agreements with other defrauded MSMB Capital, MSMB Healthcare and Elea Capital investors as an alternative means to settle liabilities owed by the MSMB Funds and SHKFunds and SHKRELI.

Just as hedge funds jumped into the fray to complicate Argentina's debt settlement, so speculators are trying to make a killing off Ukraine's financial corpse, seeing this gray area opened up.

Shkreli funded the Merrill Lynch settlement — and avoided the filing of the confessions of judgment — by causing a $ 900,000 investment in Retrophin equity securities made by MSMB Healthcare to be recharacterized as a «loan,» causing the «loan» to be repaid with interest, and using the «loan» proceeds together with other money taken from Retrophin to pay Merrill Lynch.

At Vanguard, your settlement fund — sometimes referred to as a «sweep» account — isn't a cash account.

In the settlement, MassMutual will pay out over $ 9MM in cash compensation, give a 60 - day window for any planned fund changes, and, most importantly, clearly disclose fees and expense ratios in plan funds as well as any revenue sharing payments it receives.

The brick Victorian mansion is one of only two original 19th Century buildings at Naper Settlement, 523 S. Webster St. «We are truly delighted to be one of the museums selected by the governor as a recipient of funds from the Museum Capital Grants Program,» said Naper Settlement Executive Director Peggy Frank.

Jacqueline B. Liedtke, 67, a native of Naperville who was instrumental in raising the first funds for Naper Settlement as president of the Naperville Heritage Society, died of an aneurysm Wednesday, July 3, in Ripon, Wis. «She was the one who took up the mantle and led our very first and only capital campaign drive when she was president,» said Peggy Frank, executive director of Naper Settlement.

«We are truly delighted to be one of the museums selected by the governor as a recipient of funds from the Museum Capital Grants Program,» said Naper Settlement Executive Director Peggy Frank.

Jacqueline B. Liedtke, 67, a native of Naperville who was instrumental in raising the first funds for Naper Settlement as president of the Naperville Heritage Society, died of an aneurysm Wednesday, July 3, in Ripon, Wis..

The bill was approved 56 - 2, with the dissenting votes cast by Democratic Sens. Liz Krueger and Brad Hoylman, who had wanted planks such as a ban on confidential settlements involving taxpayer funds to be stronger and have more protections for survivors.

Gov. Andrew Cuomo, a Democrat, has proposed package of sexual harassment reforms for state government, including an end to confidential settlements, as long as the identity of the victim is kept secure, as well as an end to taxpayer - funded settlements.

And the comptroller pointed out that the Cuomo administration is moving items off - budget — such as $ 125 million in Tobacco Settlement money, which will go toward Medicaid costs, and $ 100 million from the State Insurance Fund to help pay workers compensation costs.

The last five years have seen the toughest financial settlement in the history of the NHS, and UK health funding, as a share of national income, has lagged behind the rest of Europe for many decades.

«I wanted to develop a relationship with him to help fund mesothelioma, and help my patients as well,» Taub said, characterizing the settlements firms like Weitz & Luxenberg obtained as both fair and necessary for the survivors.

The office is set to receive $ 116 million as its share of the 2012 settlement between prosecutors and HSBC over the bank's role in laundering drug cartel funds.

New York's $ 182 million share of the nationwide $ 7 million Citigroup settlement includes at least $ 90 million in mortgage relief as well as directing funding for land banks and community development agencies aimed at housing for low - income earners, Attorney General Eric Schneiderman's office on Monday announced.

Discussion over how to spend the settlement cash has included suggestions from the state Legislature that include boosting education aid, as well as funding new infrastructure projects.

At the same time, Cuomo wants to end taxpayer - funded settlements for sexual harassment and ban confidentiality as long as the survivor's identity is protected.

In a settlement deal, he admitted to acting as an unlicensed placement agent, agreed to the AG's Public Pension Fund Reform Code of Conduct and returned $ 52,000 he received in fees plus a $ 26,000 fine.

The governor proposes allocating a portion of the $ 5.4 billion in bank settlement funds to much - needed infrastructure repairs, as is highly appropriate.

The funding comes directly from gaming revenue as agreed on in the historic Settlement Agreement with the Oneida Indian Nation.

Though Cuomo said there are more projects to fund statewide, he also raised the possibility of using revenue sources such as bank settlements and one - time cash infusions.

«As an employee, I was not a party to any settlement and I never represented any client — paid or unpaid — before the state pension fund.

The letter refers to TV commercials that have started airing in the district, linking Faso to his lobbying firm Manatt, Phelps and Phillips paying a fine as part of a settlement connected to the pay - to - play pension fund scandal.

A for - profit network of schools and the family behind it have agreed to pay the state more than $ 4.3 million in a settlement after having spent state funds, intended to pay for special education preschool, on credit card bills, maintenance of a boat and a son's law school tuition, as well as claiming false tax deductions.

Mulgrew welcomed the Council's support in two statewide initiatives: lobbying Albany to increase state aid in light of the $ 2 billion the state owes New York City public schools as a result of the Campaign for Fiscal Equity court settlement, and supporting full funding for Teacher Centers.

As I predicted earlier today, AG / Governor - elect Andrew Cuomo has announced yet another settlement in connection with his pay - to - play pension fund probe, this time with a lobbyist with long - standing ties to his father, former Gov. Mario Cuomo.

The governor proposes allocating a large portion of the $ 5.4 billion in bank settlement funds to much - needed infrastructure repairs, as is highly appropriate.

Cuomo raised eyebrows and embarrassed DiNapoli as he announced a series of multimillion - dollar settlements in the state pension - fund scandal and then disclosed that his office was looking into the comptroller's role in meeting with politically connected companies seeking control over the investment of pension - fund money.

Aside from that money, Mr. de Blasio called for the state to boost the city's share of education funds as called for by Campaign for Fiscal Equity lawsuit settlement.

Carol Kellermann, the president of nonpartisan fiscal watchdog Citizens Budget Commission, was equally outraged, telling The Observer, «Funds paid in settlement of litigation with the state, unless intended to compensate for specific losses, should be used as determined through the normal budget and appropriation process.

It might seem that there is no common ground between these three parties, aside from two of them being heavily focused on regional issues (only this weekend the SNP came out in support of Plaid's call for government in Wales to receive the same funding settlement as Scotland).

The agreement, reached as part of a $ 168 billion budget, would apply to independent contractors and the private sector, ban taxpayer - funded settlements for individual harassment claims and end mandatory arbitration.

But while advocates have praised the deal, some critics have raised concerns about its reliance on so - called «one - shot deals,» or cases in which the city relies on funds from non-recurring sources such as the sale of new yellow taxi medallions, or large legal settlements including the CityTime scandal.

The state operating funds budget includes covers all dedicated and special tax fees, bank settlements, and Lottery revenues, college tuition revenue — as well as general taxes — to fund the state government.

I propose we set aside $ 1 billion of our settlement funds as a reserve fund to maintain and improve the Thruway system.

The Buffalo and Erie County Standing Committee is funded by the New York Power Authority (NYPA) as part of a settlement agreement related to the 50 - year federal operating license received by NYPA for the Niagara Power Project in 2007.

Though this funding from the state was promised nearly a decade ago as a result of a settlement with the Campaign for Fiscal Equity, most schools never received any extra resources.

NIFA officials say any surplus was achieved through «one - shot» measures such as reserve fund transfers and borrowing money to pay tax refunds and major court settlements.

«We thank the Governor for bringing people together around this issue, and urge legislators to identify resources elsewhere within the budget — such as through bank settlements funds — to provide the resources communities need.»

In a press release on April 11, Schneiderman announced that $ 20 million of funds from settlements with Goldman Sachs and Morgan Stanley would be used «to provide local governments with innovative technology to address and transform problem properties — including homes and buildings that are blighted, poorly maintained, vacant, abandoned, and in financial distress — that fell into disrepair following the foreclosure crisis,» as part of a program called Cities for Responsible Investment and Strategic Enforcement, or Cities RISE.

In their meetings with lawmakers, UFT members advocated for a substantial state funding increase, noting that Albany still owes New York City public schools $ 2 billion as a result of the 2016 settlement of the Campaign for Fiscal Equity school aid lawsuit.

As part of his three - year probe into the pension fund scandal, Cuomo brokered a $ 12 million settlement with Quadrangle, which placed the blame squarely on Rattner.

Manhattan U.S. Attorney Preet Bharara's office Thursday asked U.S. District Judge Laura Taylor Swain to approve the agreement as part of a record $ 1.8 billion settlement that also calls for the hedge fund to close its investment advisory business.

Walcott testified that the mayor was «outraged» that the state did not come through with the city's fair share of aid for next year and froze additional funds that were supposed to come to New York City schools as a result of the settlement of the Campaign for Fiscal Equity school aid lawsuit.

As you well know, the proposed settlement and the legislation associated with it are highly contentious and may not be in place in time to fund these offsets.