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Year: 2011

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Back in Business: After a Rash of Bankruptcies, Retailers Are in Fighting Shape for 2011

Given what Spence Mehl calls “a bloodbath of bankruptcies” in the retail space in 2008 and 2009, last year brought surprisingly fewer bankruptcies than most had anticipated. And while bankruptcy still loomed heavily for nearly all the big chains in 2010, the difference was that retailers themselves executed their own top-to-bottom restructuring plans. But, Mehl warns, retailers aren’t out of the woods yet.

March 1, 2011 | | ABF Journal

Are Contact Lists Still Trade Secrets in the Age of Social Networking Sites?

By Mark Klapow, Robert Abrams, Gregory Baker and Alan Grimaldi Recently, a United States District Judge in New York approved the report and recommendation of a Magistrate Judge holding that a headhunter’s contact lists were not protectable trade secrets because the information therein was readily ascertainable on social networking sites. See Sasqua Group, Inc. et […]

February 2, 2011 | | ABF Journal

The Grit of the Game … Offense Versus Defense Applies to More Than Just Sports

The period since 2008 has been marred with economic difficulties, recessionary trends and wariness in financial markets. As a result, there has been noticeably less M&A activity. However, looking at the deals that have been announced and consummated, it appears that the transactions over the past few years can be classified as either “offensive” or “defensive” in nature.

January 15, 2011 Rita Garwood

NewStar Business Credit: A CORE Acquisition Creates the ‘Newest Star’ in the ABL Firmament

Late last year, NewStar Financial announced it intended to add asset-based lending to its product offerings by acquiring CORE Business Credit, causing something of a positive stir in the commercial finance community. ABF Journal asked NewStar’s chairman and CEO Tim Conway and CORE’s Michael Haddad to discuss the rationale behind the acquisition.

January 15, 2011 | | Rita Garwood

M&A, Capital Markets Update: There’s Improvement for Sure, But We’re Years Away From the Glory Days of High Valuations

In the following article, Tim Stute, managing director and principal at Milestone Advisors, assesses 2010 in terms of merger and acquisition activity in the commercial finance sector. While such activity has increased in the later half of last year, valuations remained low due to lack of competition from banks. In looking forward to 2011, Stute expects steady improvement in M&A activity with modest, yet rising deal values for the near term.

January 15, 2011 Rita Garwood