Rollups by BankAtlantic Financial Corp: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Second Congress, First Session ... July 10, 1991, Volume 4 |
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Page 1
... limited partner- ships in real estate investments . Today , he is swapping junk bonds in his Florida savings and loan holding company for the real ... limited ( 1 ) partners received subordinated debentures in the bank holding company ,
... limited partner- ships in real estate investments . Today , he is swapping junk bonds in his Florida savings and loan holding company for the real ... limited ( 1 ) partners received subordinated debentures in the bank holding company ,
Page 2
... partners received subordinated debentures in the bank holding company ... limited partnerships and the real estate in- vestors had not been fully ... limited partners exchanged their real estate for $ 30 million - and I quote now- " in ...
... partners received subordinated debentures in the bank holding company ... limited partnerships and the real estate in- vestors had not been fully ... limited partners exchanged their real estate for $ 30 million - and I quote now- " in ...
Page 3
... limited partner- ships explaining the benefits of rolling up the ... partners , only on the adequacy of the disclo- sure . It is unfortunate that ... limited experience in these areas , and often times reviewed under time pressures and ...
... limited partner- ships explaining the benefits of rolling up the ... partners , only on the adequacy of the disclo- sure . It is unfortunate that ... limited experience in these areas , and often times reviewed under time pressures and ...
Page 4
... limited partnerships by a bank holding company , the BankAtlantic Finan- cial Corporation and the activities of its ... partners , the real estate inves- tors , have not benefitted nor are they likely to . The issues raised are troubling ...
... limited partnerships by a bank holding company , the BankAtlantic Finan- cial Corporation and the activities of its ... partners , the real estate inves- tors , have not benefitted nor are they likely to . The issues raised are troubling ...
Page 5
... limited partnerships by the BankAtlantic Fi- nancial Corporation of Miami , Florida . Although we focused on the fairness of the rollups of the limited partners a second issue arose during the course of our investigation which is ...
... limited partnerships by the BankAtlantic Fi- nancial Corporation of Miami , Florida . Although we focused on the fairness of the rollups of the limited partners a second issue arose during the course of our investigation which is ...
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Common terms and phrases
$30 million Administrative affiliates Alan Levan amount appraised value approximately assets bank holding company BankAtlantic Financial Corporation BankAtlantic's bankers believe BLILEY capital requirements cash CHAFIN Chairman clients commercial banks Commission's committee concerns CONGRES CONGRESS THE LIBRARY debentures DINGELL disclosure dollars Dory Doty entity Exchange Commission fairness FDIC federal securities laws fiduciary breach fiduciary duties filed financial services firm funds Glass-Steagall Glass-Steagall Act Goldman Sachs HENRY I.R.E. Financial Corporation I.R.E. Real Estate industry infused institution investors involved issues junk bonds LIBRARY OF CONGRESS limited partners limited partnerships Managing General Partner matter paid percent Property Management Fees proposed prospectus proxy question real estate real estate investment received registration statement Reimbursement roll-up transactions rollup ROWLAND rules RYAN Second Roll-up Securities and Exchange Series 21 sold solicitation staff subcommittee taxpayer tell testimony tion U.S. Capital Securities vote WEINSTEIN worth
Popular passages
Page 91 - Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean that the Commission has in any way passed upon the merits of, or given approval to, such security. It shall be unlawful to make, or cause to be made, to any prospective purchaser any representation contrary to the foregoing provisions of this section.
Page 91 - The fact that a proxy statement, form of proxy or other soliciting material has been filed with or examined by the Commission shall not be deemed a finding by the Commission that such material is accurate or complete or not false or misleading, or that the Commission has passed upon the merits of or approved any statement contained therein or any matter to be acted upon by security holders. No representation contrary to the foregoing shall be made.
Page 91 - Neither the fact that the registration statement for a security has been filed or is in effect nor the fact that a stop order is not in eifect with respect thereto shall be deemed a finding by the Commission that the registration statement is true and accurate on its face or that it does not contain an untrue statement of fact or omit to state a material fact, or be held to mean...
Page 98 - ... under Section 12(1) of the Securities Act alleging violation of the registration requirements of Section 5 of the Securities Act.
Page 78 - ... listed on the New York Stock Exchange ("NYSE") or the American Stock Exchange ("AMEX") or traded on NASDAQ.
Page 146 - If you have no objection then to testifying under oath, would you please rise and raise your right hand. [Witness sworn.] Mr. DINGELL.
Page 106 - We will stand in recess for about 5 minutes. [Brief recess.] Mr. DINGELL. The subcommittee will come to order. Mr.
Page 127 - Chairman Subcommittee on Oversight and Investigations US House of Representatives Washington, DC 20515 Dear...
Page 127 - THE FEDERAL POWER ACT This memorandum analyzes the legal impact of the Supreme Court's Colton...
Page 75 - But §14a doesn't pose responsibility for false and leading proxy statements. Although a corporate transaction's 'fairness' is not, as such, a federal concern, a proxy statement's claim of fairness presupposes a factual integrity that federal law is expressly concerned to preserve.