Lincolnshire Management Feels the Heat - Evan Vitale

50 %
50 %
Information about Lincolnshire Management Feels the Heat - Evan Vitale

Published on September 24, 2014

Author: evanvitale



Evan Vitale reports on the legal action taken against Lincolnshire Management by the SEC and presents it in a way anyone can understand!

Lincolnshire Management Feels the Heat By Evan Vitale

T.J. Maloney and the private equity firm he controls, Lincolnshire Management, are under scrutiny once again.

The last time one may have heard about Lincolnshire was in 2011 when they ran into some trouble after gaining $99 million in a lawsuit.

Trouble is not something you expect when you have a courthouse win of that size and to add to the surprise of the predicament, it arrived from an unexpected source to boot.

Lincolnshire’s investors themselves filed a suit against the private equity firm arguing that they were not given their fair share of the legal gains.

That case seems to have been more bark than bite, however, as the case remains pending to this day.

This time around, the Securities and Exchange Commission is the one bringing the suit and they have managed to do more than just bark.

In fact, Lincolnshire has agreed to pay 2.3 million dollars to settle with the SEC.

The charges stated that Lincolnshire had improperly allocated expenses between two funds that it controlled.

Both of these funds were acting as owners in what, in the eyes of the SEC, was the same company.

Lincolnshire, for one reason or another, decided that it would exchange resources between these two companies as if they were the same. For example, one company, Peripheral Computer Support paid the entire payroll and 401(k) administrative expenses for employees of both companies.

Now, this would not be an issue if both companies decided to do this to their mutual benefit. The issue arises when one company clearly suffers while the other profits from such a relationship.

Because the SEC could prove that Computer Technology Solutions - the name of the other company - was benefiting and Peripheral Computer Support was suffering, or perhaps because Lincolnshire did not want the SEC to look any deeper, Lincolnshire agreed to pay the damages and settle the dispute.

Hopefully, Lincolnshire doesn’t have any more run-ins with the law for a few years, their reputation could use a break.

Thanks for viewing! If you want to read more things like this, check out my blog:

Add a comment

Related presentations

Boat chandlery

Boat chandlery

October 26, 2014 We offer a ... Moori...

Silver bar!

Silver bar!

October 21, 2014

Pretty similar to gold bars are these silver slabs. Silver is considered as the mo...

Gold coin prices!

Gold coin prices!

October 21, 2014

If you are an investor of gold bars and coins, one of the major things that you ou...

CyberSecurity's social media stats for one week as of Oct 21st 2014

CyberSecurity's social media stats for one week as of Oct 28th 2014

Related pages

Lincolnshire Management Feels the Heat - Evan Vitale ...

Evan Vitale reports the latest on the dispute between T.J. Maloney and Lincolnshire Management and the Securities and Exchange Commission
Read more

Vital signs - Wikipedia, the free encyclopedia

Vital signs (often shortened to ... the "fifth vital sign" or "sixth vital sign". Vital signs are recorded using the LOINC ... routinely may not change ...
Read more

Bill Summers (musician) - Wikipedia, the free encyclopedia

Bill Summers (b. June 27, 1948) is a ... Feel the Heat (Prestige, 1977) Cayenne (Prestige, ... Iroko (Vital Records, 1992) Essence of Kwanzaa (Monkey Hill ...
Read more

Claydee & Dave Audé - Te Quiero (Official Lyric Video ...

Claydee & Dave Audé - Te Quiero (Official Lyric Video) ... Management: ... I can feel the heat tonight
Read more

Solar | Energy Consultants | Solar Power - Enviko have ...

Enviko have been chosen as an Approved Solar PV partner for solar panel installs ... Heat and Power Engineers... The Enviko team is ... 4 Evans Business ...
Read more

Blog « Lincolnshire Community Foundation

... progressive leadership over poor management. ... and feels the fund is vital in ... Lincolnshire PCT, Swimarathon, Jubilee, Evan Cornish ...
Read more

Property | Business | Planning | Energy | JHWalter

... planning and energy services to corporate and private clients throughout Lincolnshire ... Assistance with creation & management ... Commercial heat ...
Read more

Dripbusters Ltd - Builder, Central Heating Engineer ...

Services offered by Dripbusters Ltd, ... Plumber in Any location within Lincolnshire depending on the ... Full project management of complete/partial ...
Read more

NWS Heat Safety Tips - National Weather Service

NOAA National Weather Service ... most summers see heat ... and tell you what to do during an excessive heat wave. This site includes vital ...
Read more