Posts Tagged ‘investment’

Hosemann files brief against SEC over Morgan Keegan settlement

JACKSON — Secretary of State Delbert Hosemann has filed a brief in support of a lawsuit filed against the Securities and Exchange Commission (SEC) concerning the Morgan Keegan settlement. The case demands the SEC finally distribute millions of dollars in settlement funds to Mississippi investors. “Injured Mississippi investors have been stopped from receiving their own […] [...]

The First accounts for merger, net income down nearly 25 percent

HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or $.30 per diluted share for the same quarter in 2012, a decrease of $225,000 or 24.2 percent. Net income available to common shareholders […] [...]

Connecticut company buys share of Coast shipyard

GULFPORT — A private equity firm is taking an ownership stake in a Mississippi shipyard group. Littlejohn & Co. of Greenwich, Conn., has bought part of Gulf Coast Shipyard Group, which owns the Trinity Yachts and TY Offshore shipyards in Gulfport and New Orleans. The dollar amount and ownership share were not disclosed. John Dane […] [...]

Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the […] [...]

City counts $1.2M from hospital investment after year one

OXFORD — The city of Oxford’s investment of the proceeds from the sale of Baptist Memorial Hospital-North Mississippi has earned about $1.2 million its first year. The city hired Glenmede in 2012 to handle the investment of the money. The Oxford Eagle reports the market value as of March 31 was $32 million. It was $30 […] [...]

SEC finally releases Morgan Keegan settlement plan

JACKSON — After repeated requests, the Securities and Exchange Commission has finally announced the proposed plan to distribute Morgan Keegan settlement funds to Mississippi investors, according to the Office of Secretary of State. “For two years, the SEC ignored the pleas of investors to release this money. They desperately need their settlement funds,” says Secretary […] [...]

Grand jury indicts man accused of bilking investors

BATON ROUGE, La. — A federal grand jury has indicted a Louisiana man on 18 counts of mail fraud for allegedly executing a $13-million investment fraud scheme. The Advocate reports U.S. Attorney Donald J. Cazayoux Jr. announced yesterday that 57-year-old James R. Holdman, of Baker, La., operated a hedge fund called Greenwing Capital Management, LLC, […] [...]

Woman sentenced for bilking investors for bogus businesses

FAYETTE — A Natchez woman will spend 10 years behind bars for her part in a business scheme that reportedly bilked an investor by never opening the business into which the victim poured their money. The Natchez Democrat reports Emily Sanders was sentenced in Jefferson County Circuit Court to probation for her October conviction on […] [...]

City puts Magnolia Bluffs money in short-term CD

NATCHEZ — The Natchez Board of Aldermen is considering in motion to put the $350,000 the city recently received from Magnolia Bluffs Casino in a certificate of deposit. The Natchez Democrat reports Alderman Dan Dillard made a motion to put money into a short-term CD until the board could finalize a plan for the money. […] [...]

Attorney reports city’s investment showing returns

OXFORD — The $30-million investment that the city of Oxford made with money from the sale of a hospital in 2011 is paying off. Attorney Robert Paine with the Oxford Municipal Reserve and Trust Fund Committee reported the market value of the trust fund assets was over $31. 2 million. That is a gain of […] [...]

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