Cayman Islands: Redemptions Re-examined, Rectification Refined – In Re Herald Fund SPC
Last Updated: 3 July 2015 By Jeremy Walton and Paul Kennedy From Appleby The Grand Court of the Cayman Islands has handed down a decision which addresses not only the vexed question of the status of redeeming hedge fund investors…
Supreme Court cuts off Royalties for Spider-Man toy
By Tony Mauro, From The National Law Journal The inventor of a Spider-Man web-shooting device cannot extend his reach for royalties beyond the expiration of his patent, the U.S. Supreme Court ruled on Monday. The 6-3 ruling in Kimble v….
Some CEOs are being paid too much simply by accident
By Noah Smith By Newsmax Why are chief executive officers paid so much? Although skyrocketing CEO pay is not a substantial factor behind the increase in income inequality, it is certainly startling. The average U.S. CEO now makes about 350…
Software company hit with privacy suits over ‘Supercookies’
By Ross Todd, From The Recorder SAN FRANCISCO — Plaintiffs lawyers at Kabateck Brown Kellner have jumped into a spate of privacy litigation against Redwood City’s Turn Inc. with a class action claiming that the digital marketing company tracked and…
This man created the ice cube’s multimillion-dollar industry
By Joy H. Lin From MUNCHIES The year is 1833 and you’re sweating your balls off in Calcutta, India. Being sweat-drenched is a fact of life here, much like your diet of mostly saffron-hued curries and rice. In fact, the…
Hoax phone call costs hedge fund $1.2 million and CFO’s job
From Newsmax The finance chief at Fortelus Capital Management LLP got an alarming phone call just as he was getting ready to leave work on a Friday. The caller said he was from Coutts, the London-based hedge fund’s bank, and…
Conservative group calls for Grayson ethics probe
By Matt Dixon From Politico Says Orlando Democrat commited ‘obivious’ violation TALLAHASSEE—A conservative watchdog group is asking the House Office of Congressional Ethics to investigate Rep. Alan Grayson for using his name in hedge funds he manages. POLITICO Florida reported…
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The Editor Speaks: “I don’t believe it?”
How many times have we said that? How many times have we heard other people say it? “A high station in life is earned by the gallantry with which appalling experiences are survived with grace.” – Tennessee Williams. “What’s more…
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Now Webb swiped by Cayman Islands card allegations
By Paul Nicholson from Inside World Football July 6 – FIFA vice-president and CONCACAF president Jeffrey Webb (pictured), currently being held in a Zurich jail awaiting an extradition hearing to the US on charges of corruption, has been hit by…
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Scuba diving association has concerns over Cayman Islands proposed cruise ship port
Letter to Cayman Islands DoE From DEMA Cayman Islands Department of Environment P.O. Box 10202 Grand Cayman KY1-1002 Via Email: [email protected] Dear Sirs: On behalf of the Diving Equipment and Marketing Association (DEMA), I am writing to you in regard…
