New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 27, 2012
17:58 EDTFMDFirst Marblehead settles dispute with the Education Resources Institute
In a regulatory filin First Marblehead sais it has settled its dispute with The Education Resources Institute, TERI, relating to certain historical loan data. On November 27, the Corporation, First Marblehead Education Resources, FMER, GSS Data Services, Inc. (f/k/a First Marblehead Data Services, Inc.) (together with the Corporation and FMER, the “FMD Parties”) and TERI filed a joint motion to dismiss the litigation pending in the United States Court of Appeals for the First Circuit relating to the Dispute.
News For FMD From The Last 14 Days
Check below for free stories on FMD the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 10, 2014
16:16 EDTFMDFirst Marblehead reports Q4 EPS ($1.11), consensus (94c)
Subscribe for More Information
September 8, 2014
16:37 EDTFMDFirst Marblehead sees $3M charge connected to UFSB dissolution
First Marblehead disclosed in a regulatory filing that on May 28, the Board of Directors of Union Federal Savings Bank, a wholly owned subsidiary of The First Marblehead Corporation, approved the dissolution of UFSB and authorized UFSB to prepare a plan of voluntary dissolution pursuant to Code of Federal Regulations, Title 12, Part 146, Section 146.4, subject to approval of the Board of Directors of UFSB, the Office of the Comptroller of the Currency and the corporation, as sole stockholder of UFSB. In addition, on May 28,, the Board of Directors of the Corporation approved UFSB’s plan to pursue the Proposed Dissolution of UFSB and to prepare the Plan, subject to approval of the Plan by the Corporation, as sole stockholder of UFSB. In connection with the Proposed Dissolution of UFSB, the corporation and UFSB have incurred, and expect to incur, charges related to lease obligations, severance and retention costs, contract termination provisions and potential losses related to the liquidation of certain assets and liabilities in connection with the Plan. At the time of the filing of the Original Form 8-K, the corporation was not able to make a good faith estimate of the total amount or range of amounts related to the Proposed Dissolution for each major type of cost, expected to be incurred, or of charges that would result in future cash expenditures.Since the filing of the Original Form 8-K, the Corporation and UFSB have been in the process of developing the Plan and an estimate of related charges. The Corporation’s and UFSB’s current estimate of charges related to the Plan are $3.0 million in the aggregate. Since the filing of the Original Form 8-K, the corporation and UFSB have been in the process of developing the Plan and an estimate of related charges. The corporation’s and UFSB’s current estimate of charges related to the Plan are $3M in the aggregate,
September 4, 2014
08:33 EDTFMDIron Mountain to provide data center colocation services for First Marblehead
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use