A.E. Feldman Blog

The Pennsylvania Turnpike Commission this month issued an announcement inviting companies interested in learning more about potential partnerships to convene for a meeting. The commission is currently considering public-private partnerships (PPPs or P3s) to finance, design, construct, operate and maintain projects along the Mon-Fayette Expressway and Southern Beltway toll highways near Pittsburgh. The Commission says [...]

Mortgage fraud in the U.S. has skyrocketed, according to a new report from the Mortgage Asset Research Institute (MARI). The study (which MARI compiled data from the biggest names in the lending industry, including Fannie Mae, Freddie Mac, Wells Fargo, Bank of America and J.P.MorganChase) found that the number of fraudulent loans issued during the [...]

The number of people and businesses heading to bankruptcy court surged in 2008, approaching one million filings, according to statistics recently released by the Administrative Office of the U.S. Courts. Bankruptcy filings jumped 29% in the 12 months ending June 30, according to the government data. Moreover, total filings surged to 967,831 from 751,056 a [...]

There is growing demand for legal advice on environmental law from clients such as developers, venture capitalists, and even state and local agencies seeking good environmental counsel to avoid costly litigation, according to an Environmental Law Forum at the University of Virginia. One member of the panel discussion, Bill Sinclair, an Attorney with Beveridge & [...]

When it comes to infrastructure, states are putting off today what they can do tomorrow. That’s according to an AP review of repairs on each state’s 20 most-traveled bridges with structural deficiencies. The study found that just 12% of those structurally deficient bridges (which are not in imminent danger of collapse) have actually been fixed. [...]

U.S. Accounting firm BDO Seidman recently announced its annual revenue jumped 12% percent in 2008, helped by strong growth in its consulting business. BDO - one of the largest U.S. accounting firms after the “Big Four” auditors - says revenue for the fiscal year ended June 30, 2008 increased to $659 million, an 11.9% percent [...]

Presidential contenders, Barack Obama and John McCain have announced plans to stimulate the economy by creating jobs. Among the most pressing issues in which the federal government is being urged to intervene: clean technologies.
Democratic Presidential candidate, Barack Obama, has said that as president he would spend $150 billion to develop more environmentally friendly energy sources…and [...]

Halfway through 2008, Billion-dollar bankruptcies have already hit a five-year high, reports Reuters, citing research from bankruptcy filing tracker BankruptcyData.com. The report states that a total of seven U.S. companies with more than a billion dollars in assets have filed for bankruptcy protection so far this year. Reuters quotes George Putnam of New Generation Research, [...]

As prices at the pump continue to soar, funding for U.S. infrastructure is falling. That’s according to the latest report from the U.S. Department of Transportation. A separate report by the American Association of State Highway and Transportation Officials (AASHTO) also finds that at least $140 billion is needed to make major repairs or upgrades [...]

Amid cutbacks and recession woes, Wall Street firms are beefing up their restructuring teams. As the economy continues to slow, a number of experts anticipate a virtual flood of bankruptcies and restructurings in the coming months. Big investment banks are building their restructuring departments in a bid to provide financial advice and financing to companies [...]