Contingent liability

Berkshire Hathaway Specialty Insurance Appoints Chres Lee to Head of Transactional Liability in Canada

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Insurance, Finance, Health, Travel, Contingent liability, Plymouth Meeting, Pennsylvania, Head, Transaction, AM Best, National Indemnity Company, Standard, Berkshire Hathaway

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its global Transactional Liability team, welcoming Chres Lee as Head of Transactional Liability in Canada.

Key Points: 
  • Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has expanded its global Transactional Liability team, welcoming Chres Lee as Head of Transactional Liability in Canada.
  • “With this latest appointment, we continue to strengthen our Transactional Liability team and capabilities around the globe,” said Michael Brooks, Head of Transactional Liability, North America.
  • Chres is based in Ontario and can be reached at [email protected]
    BHSI’s Transactional Liability team structures Representations & Warranties, Tax, Contingent Liability and Class Action Settlement Insurance for companies throughout North America and around the world.
  • Berkshire Hathaway Specialty Insurance ( www.bhspecialty.com ) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance.

Woodruff Sawyer Appoints Todd Dorsey Vice President, Private Equity and Transactional Risk Group

Retrieved on: 
Tuesday, October 25, 2022
SAN, Insurance, Growth, Specialization, Contingent liability, Contingency (philosophy), Multimedia, Private equity, Reps, Solution, Leadership, Financial services

Prior to joining Woodruff Sawyer, Todd served three years at Lockton, where he provided risk mitigation solutions for private equity and private equity-backed portfolio companies.

Key Points: 
  • Prior to joining Woodruff Sawyer, Todd served three years at Lockton, where he provided risk mitigation solutions for private equity and private equity-backed portfolio companies.
  • "My role provides an exciting opportunity to work alongside leaders within the Private Equity community, run fast for clients, and be a crucial part of growing the Private Equity & Transactional Risk Group here at Woodruff Sawyer."
  • Luke Parsons, Woodruff Sawyer Senior Vice President, Private Equity and Venture Capital Group, adds, "Todd brings tenacity and curiosity to his role and a real desire to help us build the practice.
  • His work with the Private Equity and Transactional Risk teams is vital to our growth, and we're thrilled to have him join us at Woodruff Sawyer.

Evolving Systems Reports First Quarter 2021 Financial Results

Retrieved on: 
Thursday, May 13, 2021
GAAP, Contingent liability, Accounting

Also, we made our final payment on the East West Bank term loan in the first quarter.

Key Points: 
  • Also, we made our final payment on the East West Bank term loan in the first quarter.
  • The net loss was $0.9 million for the quarter ended March 31, 2021 as compared to a net loss of less than $0.1 million in the comparable year-ago period.
  • As such, we have recorded a contingent liability in the amount of $0.3 million as of March 31, 2021.
  • A replay of the webcast will be accessible at that website through August 13, 2021.\nThe Company reports its financial results in accordance with accounting principles generally accepted in the U.S. (GAAP).

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit AeroSystems Holdings, Inc. - SPR

Retrieved on: 
Thursday, January 30, 2020
Abraham Pomerantz, Pomerantz, SPR, Contingent liability

NEW YORK, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Spirit AeroSystems Holdings, Inc. (Spirit AeroSystem or the Company) (NYSE: SPR).

Key Points: 
  • NEW YORK, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Spirit AeroSystems Holdings, Inc. (Spirit AeroSystem or the Company) (NYSE: SPR).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • In December 2019, Spirit AeroSystems commenced a review of its accounting process compliance and determined that it did not comply with established accounting processes related to certain potential contingent liabilities.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Spirit AeroSystems Holdings, Inc. Investors (SPR)

Retrieved on: 
Thursday, January 30, 2020
Legal, Professional services, SPR, Contingent liability

Law Offices of Howard G. Smith announces an investigation on behalf of Spirit AeroSystems Holdings, Inc. (Spirit or the Company) (NYSE: SPR ) investors concerning the Company and its officers possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of Spirit AeroSystems Holdings, Inc. (Spirit or the Company) (NYSE: SPR ) investors concerning the Company and its officers possible violations of federal securities laws.
  • On January 30, 2020, Spirit issued a press release announcing executive officer changes.
  • Therein, Spirit stated that it did not comply with its established accounting processes related to certain potential contingent liabilities that were received by Spirit after the end of third quarter 2019.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Cansortium Restructures Approximately $25.0 Million of Near-Term Obligations, Significantly Improving Balance Sheet and Available Free Cash Flow to Fund Growth

Retrieved on: 
Friday, January 17, 2020
Economy, Liability, Finance, Money, Financial capital, Balance sheet, Shareholders, Stock market, Contingent liability, Working capital, Amortization, Stock dilution

Over $12.0 million of other contingent liabilities have also been restructured using shares previously returned by the founders, significantly reducing the Company's liabilities without dilution to existing shareholders.

Key Points: 
  • Over $12.0 million of other contingent liabilities have also been restructured using shares previously returned by the founders, significantly reducing the Company's liabilities without dilution to existing shareholders.
  • It extends approximately $12.9 million of near-term debt while reducing amortization, significantly improving available cash flow to fund growth.
  • Additionally, the use of a portion of the founders' shares to reduce over $12.0 million of additional liabilities also significantly improves the balance sheet and the Company's working capital position.
  • Cansortium's primary growth focus is Florida, where we currently have 18 operating dispensaries, with plans to continue to open new locations.