Judge Guts $1.4B Damages Claim in Wyly Brothers' Case
After winning the liability phase of its securities fraud case against Texas entrepreneur Samuel Wyly and the estate of his deceased brother Charles, the U.S. Securities and Exchange Commission has encountered a major setback in its bid to collect $1.4 billion from the duo.
Private Equity’s Free Pass
For thousands of hobbyists, the local Michaels Stores outlet is a must-stop shop for scrapbooks, dried flowers, crochet hooks, sewing notions and dozens of other do-it-yourself paraphernalia.
Michaels damages case dismissed
July 29, 2014 - An Illinois district court dismissed the class action suit against Michaels Stores Inc. seeking damages from the chain's data security breach earlier this year, on the grounds that "actual economic damage" had not been proven.
Sat Jul 26, 2014
SEC seeks $1.4 billion from Texas Wyly brothers after fraud verdict
Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the U.S. Securities and Exchange Commission said.
Tue Jul 22, 2014
Goodwill reportedly joins list of companies affected by data breaches
The Maryland-based nonprofit, which has 165 regional headquarters, one of which is in Dallas, said it was contacted July 18 by a payment card industry fraud investigative unit and federal authorities about the breach that could've affected select stores.
Sat Jul 19, 2014
Knoxville News Sentinel
Knoxville.com's fun things to do
Kids can make a craft for $2, starting every 30 minutes from 10-11:30 a.m. on Saturdays at Michael's Kids Club.
Mon Jul 14, 2014
Courthouse News Service
Inside-Trading Count Against Wylys Nixed
The Texas tycoons behind arts-and-crafts franchise Michaels Stores did not engage in insider trading on a $40 million off-shore deal, a federal judge ruled.
Money Managers Need Not Waste Time With Michaels
MIK's Sponsors have a history of wanting to dump shares or use the company as an ATM which isn't good news for owners of the stock.
Privacy - Top Data Breaches for 1st half of 2014
The breach is thought to have affected the majority of the company's 145 million members, and many were asked to change their passwords as a result.
Sat Jul 12, 2014
Knoxville News Sentinel
Ali James: July's deals for summer fun
Summer days may be long, but they are flying by. Pack in last minute fun this summer with these cheap and free family-friendly events.
Fri Jul 11, 2014
UPDATE 1-U.S. judge finds Texas tycoon Wyly not liable for insider trading
Texas tycoon Sam Wyly and his late brother, Charles, were found not liable for insider trading by a U.S. judge on Friday, two months after a federal jury found them liable for committing fraud by using offshore trusts to hide stock sales.
Mon Jul 07, 2014
Michaels Companies Insider Theodore J. Bachmeier Acquires 3,000 Shares
Michaels Companies Insider Theodore J. Bachmeier acquired 3,000 shares of Michaels Companies stock in a transaction dated Wednesday, July 2nd.
Insider Buying: Carl Rubin Acquires 10,000 Shares of Michaels Companies Stock
Michaels Companies CEO Carl Rubin bought 10,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 2nd.
Wed Jul 02, 2014
Hobby Lobby Discounts Outweigh Dismay Over Court Ruling
While Hobby Lobby Stores Inc.'s customers may disagree with the retailer's stance on contraception, they aren't changing their shopping habits or seeking their craft supplies elsewhere.
Tue Jul 01, 2014
Michaels Companies - Not Much Appeal For Private Equity Leveraged IPOs These Days
Leverage limits are not appealing at the moment, in my opinion, however, I will keep the company on my watchlist.
Hunting The Next GoPro: Short Week Brings Up To 7 IPOs
IPOmania ensued last week, as news media, bloggers, and the fast and furious Twitter users all rushed to talk about GoPro .
U.S. IPO Pricing Recap: GoPro Captures Extreme Gains In 11 IPO Week
Action camera maker GoPro gained 49% while crafts retailer Michaels fell flat in a week with 11 IPOs.