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Article 7A of the New York City housing code
Article 7A of the New York Real Property Actions and Proceedings Law (RPAPL) enables that "a housing court judge appoints an administrator to collect the building's rents and use them for repairs" as an alternative to "fruitless rent strikes." About 10% per year of those appointed in the 1980s were removed, and money accountability problems also occurred. This law can also help expedite
Trading basicsFour-wall distribution
In the film industry, four-wall distribution (also known as four-walling) is a process through which a studio or distributor rents movie theaters for a period of time and receives all of the box-office revenue. The four walls of a movie theater give the term its name. Companies engaging in this practice were common in the United States during the late 1960s and 1970s; one of them was t
Trading basicsLynn Tilton
Lynn G. Tilton (born April 22, 1959) is an American businesswoman and collateralized loan obligation (CLO) creator, owner and manager. She is the chief executive officer and sole principal of Patriarch Partners, LLC and its affiliated entities, a holding company managing 75 companies. She worked for Goldman Sachs and Merrill Lynch as an investment banker.
Securities & exchangesMichael Marcus (trader)
Michael Phillips Marcus was a commodities trader who, in less than 20 years, is reputed to have turned his initial $30,000 into $80 million.
Trading basicsStunt casting
Stunt casting is the use of a gimmick or publicity stunt to fill a role in a television series, film, or theatre production. The casting itself can range broadly, from a non-actor celebrity, a glorified cameo appearance, to real-life relatives portraying fictional family members.
Trading basicsWL Ross & Co
WL Ross & Co is a private equity company founded and based in New York by Wilbur Ross in April 2000. The company focuses on investments in financially distressed companies with undervalued stocks, in the $100 to $200 million range, usually in the United States, Asia, Korea, Ireland, Japan, France and China. By acquiring majority stake in their investments through purchases and/or buyouts