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Business-Judgment Rule Applied in New York to Going-Private Transaction with Procedural Protections
2014-11-24 17:56:43| Footwear - Topix.net
The New York Appellate Division, First Department, ruled Thursday that the business-judgment rule not the entire-fairness standard of review can apply to a going-private transaction with the majority shareholder where the majority shareholder did not participate in the board's vote on the merger, the remaining directors were not alleged to be self-interested, and the merger required the approval of the majority of the minority shareholders. In re Kenneth Cole Productions, Inc. Shareholder Litigation , Index No.
Flooding could follow heavy snow western New York
2014-11-24 01:28:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Emergency workers filled thousands of sandbags on Sunday as the area around Buffalo, New York braced for potential flooding as warming temperatures began to melt up to seven feet (2 meters) of snow. Creeks appeared to be flowing smoothly and no flooding had been reported as the sun began to go down, county officials said. More than 775 members of the New York National Guard were in Erie County and Buffalo to help with flood prevention after days of work to clear roads and dig homes and cars...
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Western New York braces for flooding as heavy snow melts
2014-11-23 16:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Emergency workers filled thousands of sandbags on Sunday as the area around Buffalo, New York braced for potential flooding as warming temperatures began to melt up to seven feet (2 meters) of snow. Hundreds of members of the New York National Guard were in Erie County and Buffalo to help with flood prevention after days of work to clear roads and dig homes and cars out of the record snow from a storm that killed 13 people. The National Weather Service said roads could flood quickly from snow...
New York braces for flooding as warming trend follows epic snowstorm
2014-11-23 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
LA Times: Even though her street was buried under 3 feet of snow, Jean Ulrich considered herself lucky so far. The octogenarian and lifelong resident of Bowmansville, just outside Buffalo, has seen lots of snow before but never, she said, like last week. Epic lake-effect snowfall pummeled the Buffalo region, dumping about 80 inches of snow, causing at least 13 deaths and virtually shutting down highways for days with thousands of stranded cars. This weekend the snow stopped, but more weather turmoil...
Residents in western New York call snow worst in memory
2014-11-21 08:14:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The death toll from the worst snow in memory in western New York has risen to at least 10. Some areas of New York state along the Great Lakes had around 2 feet (60 cm) of new snow on Thursday on top of accumulations as deep as 5 feet from earlier in the week. The National Weather Service said parts of the region could expect 3 feet more snow before skies clear on Friday. At least 10 deaths in the area have been blamed on the storm, Erie County officials said. "I've been in a lot of snowstorms,...
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