Thu.Aug 24, 2023

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Statement by Chair Gensler on Private Fund Advisers

Harvard Corporate Governance

Posted by Gary Gensler, U.S. Securities and Exchange Commission, on Thursday, August 24, 2023 Editor's Note: Gary Gensler is Chair of the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in this post are those of Chair Gensler, and do not necessarily reflect those of the Securities and Exchange Commission or its staff.

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The value of cyber insurance for health care providers

LaPorte

(authored by RSM US LLP) Health care organizations that fail to continuously monitor their cyber insurance coverage become at risk due to escalating security challenges. The post The value of cyber insurance for health care providers first appeared on LaPorte.

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Statement by Commissioner Uyeda on Private Fund Advisers

Harvard Corporate Governance

Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Thursday, August 24, 2023 Editor's Note: Mark T. Uyeda is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on his recent public statement. The views expressed in the post are those of Commissioner Uyeda, and do not necessarily reflect those of the Securities and Exchange Commission or the Staff.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Steve T

Appraisers Blog

In reply to Baggins. A couple of years ago, I was working as a QA reviewer for one of the Big 3 banks. Had been there 7 years, all with good annual reviews. A QC manager position became available, and I applied. MBA, 35 years’ directly relevant experience, multiple previous management gigs, the hiring manger was a colleague I had known and worked with on and off for 40 years, and was one of my first trainers/mentors.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Employee Bankruptcy Trauma

Harvard Corporate Governance

Posted by Jared A. Ellias (Harvard Law School) , on Thursday, August 24, 2023 Editor's Note: Jared A. Ellias is the Scott C. Collins Professor of Law at Harvard Law School. This post is based on his recent paper. Congress gave distressed companies a powerful set of tools to deal with financial distress, namely Chapter 11 of the United States Bankruptcy Code.

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Tax depreciation 101

ThomsonReuters

Jump to: What is tax depreciation? What is bonus depreciation? How to calculate tax depreciation What are the tax depreciation methods? What is MACRS? Tax depreciation and state-level complexities Managing depreciation of fixed assets Tax depreciation, which enables business clients to reduce the amount of their reported taxable income, may seem straightforward at first glance.

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Shein and Forever 21 Team Up in Fast-Fashion Deal

NYT M&A

Shein, the e-commerce giant known for ultralow prices, frequently refreshed stock and questions about working conditions in its supply chain, could sell within Forever 21 stores.

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Strategies to win in the new ecosystem economy

Mckinsey and Company

This shift from industry sectors to customer-focused ecosystems may be the largest economic reorganization in history. What role will your company play?

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Identifying Trends And Tips In Litigation Financing Disclosure

Law 360 M&A

Growing interest and controversy in litigation financing raise several salient concerns, but exploring recent compelled disclosure trends from courts around the country can help practitioners further their clients' interests, say Sean Callagy and Samuel Sokolsky at Arnold & Porter.

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The loss ratio imperative for North American personal lines carriers

Mckinsey and Company

Macroeconomic uncertainty and continued loss pressures mean personal lines carriers must develop pricing agility through a systematic, cross-functional approach to loss ratio management.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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At 9th Circ., UFC Says Class Cert. Could Force Settlement

Law 360 M&A

The Ultimate Fighting Championship sought Ninth Circuit intervention Wednesday against fighters accusing it of antitrust violations, warning that newly granted class certification could force a settlement lest it face damages that could top $4.8 billion on allegations around coercive, exclusive contracts and the purchase of rival promoters.

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A small island nation has big plans for ocean conservation commitments

Mckinsey and Company

Coral Pasisi, president of nonprofit Tofia Niue, and Chris Stone, vice-president of Conservation International, discuss an innovative financial model that aims to protect Niue's marine ecosystems.

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Feds Probing TD Bank's Anti-Money Laundering Compliance

Law 360 M&A

A U.S. subsidiary of Canada's Toronto-Dominion Bank revealed in a shareholder report Thursday that it has received inquiries from regulatory and law enforcement authorities, including the U.S. Department of Justice, regarding its compliance with anti-money laundering regulations and that it expects penalties in the end.

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Don’t wait—create, with generative AI

Mckinsey and Company

Generative AI could add enormous value across the global economy, from banking to life sciences. The companies that use the technology quickly and effectively will have the edge.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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LIV Can't Modify PGA Protective Order For Docs Demand

Law 360 M&A

A California federal judge refused to modify a protective order governing the since-settled antitrust suit between golf giants LIV Golf and the PGA Tour to enable LIV to hand confidential material over in a separate lawsuit in Florida state court, finding that the Saudi Arabia-based golf tour did not "attempt to show why" it would need to hand over the documents in the Florida action.

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Comment on Appraiser Countersuing Black Homeowners for Defamation by Steve T

Appraisers Blog

In reply to hammering hank. Not a free speech case. Has nothing to do with expressing a viewpoint. If you think that just because you’ve been appraising for 35 years with no adverse legal consequences, that this kind of thing couldn’t happen to you, you’ve been out in the field too long. This is a new day, one where logic and data are given a back seat to political nonsense and the weaponization of race brought back to life by the BLM, DEI, and ESG movements.

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The direct-to-customer edge: Increasing shareholder value through business building

Mckinsey and Company

Building a direct-to-customer channel can generate substantial value—but only when planned carefully, managed well, and focused on the customer.

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End of family ownership looms for sandwich maker Subway after $9bn deal

Financial Times M&A

Sale signals renewed appetite from banks to finance private equity buyouts

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Gibbs to Present at the 2023 Bank Board Training Forum

Auto Dealer Valuation Insights

Mercer Capital’s Andrew K. Gibbs, CFA, CPA/ABV to present at Bank Director’s 2023 Bank Board Training Forum on Monday, September 11, 2023, in Nashville, Tennessee. Gibbs’s session is titled “Bank Valuations in a Post-SVB Environment.” In his presentation, he will explain how valuations of publicly traded bank stocks entered a period of heightened volatility after the failure of Silicon Valley Bank.

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Top 5 Takeaways From the 2023 ESG Maturity Benchmarking Report

Audit Board

In a business environment that is becoming more finely attuned to the concerns of sustainability-focused stakeholders, consumer expectations, and regulations — including the SEC’s proposed climate disclosure rules — companies are assuming a proactive stance in spearheading their initiatives related to environmental, social, and governance (ESG) matters.

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Unpacking Your RIA’s Income Statement

Auto Dealer Valuation Insights

Americans love road trips. We love them so much that we purpose-build roads to make long journeys easier, and then we build huge vehicles — essentially rolling living rooms — so we can enjoy the comforts of home wherever we go. It’s not like that in other countries. I spent two weeks this summer traveling lane-and-a-half wide roads through Scotland in a barely large enough European car with.

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United States Steel Loses Bidder Esmark Amid Pressure From Union Workers

Benzinga

Industrial conglomerate Esmark has reportedly backed out of bidding for the acquisition of United States Steel Corp (NYSE: X ). The move came amid pressure from the United States Steel's workers union, who support the bid from Cleveland-Cliffs Inc (NYSE: CLF ), as per WSJ. Last week, Esmark CEO James Bouchard stated their intention to offer $35 per share to United Steel, following an offer of.

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Revitalizing and Realigning Your Team with Rhythm Systems

Rhythm Systems

In every organization, there comes a time when the team dynamics seem to lose their spark. The team might feel stuck, stymied, or stale. The collective sense of purpose may seem to dissipate, interpersonal tensions may rise, or the team spirit may simply be lacking. As a manager, it's crucial to recognize these signs and intervene effectively. It's understanding that team dynamics naturally ebb and flow over time is essential.

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Gamers Can Now Enjoy PlayStation With The Best Audio Experience: Here's How

Benzinga

Sony Group Corp (NYSE: SONY ), through its subsidiary Sony Interactive Entertainment LLC, inked a deal to acquire an audio technology and high-end gaming headphones brand, Audeze , for an undisclosed amount. The acquisition is expected to boost the audio experience of PlayStation games. Related : Full story available on Benzinga.

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6 Review Areas for Detecting Cybersecurity Risk in a Due Diligence

M&A Leadership Council

The Art of M&A® / Due Diligence: Detecting Cybersecurity Risk An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Editor’s Note: A growing number of M&A professionals are pursuing the Certified M&A Specialist , or CMAS ® credential. To support these certification candidates preparing for the CMAS ® exam, we are pleased to highlight a feature column, CMAS ® Career Corner by noted author and expert, Alexandra Reed Lajoux.

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Money Stolen On Account COVID-19 Relief Fund Fraud is Shocking! US Justice Department Cracks Whip

Benzinga

The U.S. Justice Department revealed the results of an extensive crackdown on widespread COVID-19 relief fraud, shedding light on the extent of deceit and manipulation that opportunistic criminals undertook during the global pandemic. As trillions of dollars were disbursed to Americans and businesses to combat the ramifications of a global public health emergency, fraudulent actors in the U.S. and globally saw an opportunity.

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How to explain the 7216 consent form to your clients

ThomsonReuters

Jump to: What is a 7216 consent form? Why do clients need to sign a 7216 consent form? How to talk to your clients about signing a 7216 consent form? What are some Section 7216 insights for 2023 Software solutions for Section 7216 What is a 7216 consent form? A 7216 consent form is a document that allows a tax preparer to use or disclose a client’s tax return information for purposes other than preparing their tax return.

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Benchmark International Successfully Facilitated the Transaction Between Datatron Document Image Archiving Limited and Apogee Corporation Ltd

Benchmark Report

Benchmark International is pleased to announce the acquisition of North Shields-based Datatron by Kent-based Apogee. Founded in 1996, Datatron became the first dedicated bureau in the North of England, pioneering document scanning services. Datatron currently processes over three million documents per week, delivering services to a large number of customers across the public and private sectors.

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FTC Acts to Remedy Interlocking Director and Information Exchange Concerns in Oil & Gas Transaction

National Law Review M&A

Daniel E. Hemli Jacqueline R.

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How to Value a Pharmacy

Equilest

For an in-depth understanding of how to accurately value a pharmacy and make informed decisions in buying, selling, or assessing its worth, delve into our comprehensive guide filled with expert insights and practical tips. Introduction If you're considering buying, selling, or even just evaluating a pharmacy, understanding how to value it is crucial.

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How to Value a Pharmacy

Peak Business Valuation

Pharmacies sell various health products such as prescriptions, medications, beauty products, and consumable goods. These businesses are a vital part of the healthcare industry. As such, there is a steady demand for pharmacies. In recent years, the pharmaceutical industry generated over $6.5 billion dollars in sales revenue. In addition, the industry has healthy profit margins.

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US Capital Global Provides Multi-Million-Dollar Sell-Side M&A Advisory to Socal Safe Company

Benzinga

San Francisco, California, USA, Aug. 24, 2023 (GLOBE NEWSWIRE) -- US Capital Global Securities LLC, an SEC-registered, FINRA-member broker-dealer affiliate of global private financial group US Capital Global , has provided multi-million-dollar sell-side M&A representation to Socal Safe Company ("Socal Safe"), a California-based industry leader in safes and security solutions.

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Texas Battery Storage Biz To Be Sold To French Utility For $1B

Law 360 M&A

French multinational utility Engie SA, advised by Mayer Brown LLP, is set to buy Texas-based battery storage company Broad Reach Power from funds managed by private equity firm EnCap Investments LLP, advised by White & Case LLP and its co-investment partners for a total equity value of more than $1 billion, the parties announced in separate statements Thursday.

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Risk Strategies Acquires Mahorsky Group, Inc., Brick Procurement, Inc.

Benzinga

BOSTON, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management and consulting firm, today announced its acquisition of Mahorsky Group, Inc., and its affiliated entity Brick Procurement, Inc. Terms of the deal were not disclosed. Headquartered outside of Philadelphia, Pennsylvania, Mahorsky supports all types of large-scale federal and commercial construction projects, placing bonds for national and international contractors across

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