» fiduciary duty

Virginia Beach, VA (Law Firm Newswire) August 4, 2015 – Many aging retirees are considering spending their retirement years at a continuing care retirement community (CCRC). While such communities have several benefits, including access to lifetime care, and the ability to transition from independent living to an assisted living arrangement, or even a nursing home, all of which are located on the same campus, they are not without costs and risks. They tend to be expensive, and have large monthly fees. In one case, residents say they discovered that the facility lacked a reserve account for refunds, and they say […]


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Palo Alto, CA (Law Firm Newswire) January 16, 2015 – According to a recent report in the Wall Street Journal, wealthy families are increasingly setting up private trust companies to manage their assets, rather than using traditional trust companies. “Private trust companies offer families more flexibility and more control,” said Michael Gilfix, a Palo Alto estate planning attorney with Gilfix & La Poll Associates LLP. “It is easy to see why more and more super-wealthy families are selecting this option, although there are potential downsides.” One reason many families choose to create a private trust company, reports the Wall Street […]


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New York, NY (Law Firm Newswire) April 17, 2014 – Zamansky LLC has filed several FINRA arbitrations on behalf of investors in the UBS Willow Fund LLC (“Willow Fund”) with tax losses. The arbitrations are against UBS Financial Services Inc. (“UBS”) which sold the Willow Fund to its brokerage customers. In 2013, the Willow Fund liquidated after investors suffered a 70% or more in losses. The Statements of Claim in these arbitrations allege that the Willow Fund materially deviated from its disclosed strategy of investing in distressed debt, and instead speculated in trading credit default swaps (CDS), including foreign sovereign […]


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New York, NY (Law Firm Newswire) April 12, 2014 – Zamansky LLC announces that it is investigating the acquisition of Zygo Corporation (NASDAQ: ZIGO) by AMETEK, Inc., whereby AMETEK will acquire all outstanding shares of Zygo common stock for the consideration of $19.25 per share in cash. The investigation concerns whether this offer significantly undervalues Zygo because of its strong cash position, having reported $90 million in cash or $5.00 per share. Effectively, in view of this cash, AMETEK will only be paying $14.25 per share for Zygo, which is below Zygo’s closing price of $14.68 on April 10, 2014. […]


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