FASB Proposal – Intangible & Goodwill Reporting The Financial Accounting Standards Board (“FASB”), on July 1, 2013, issued a proposed Accounting Standards Update (“ASU”) to Accounting Standards Codification (“ASC”) Topic 805: Business Combinations, entitled Accounting for Identifiable Intangible Assets in a Business Combination. At the same time, the FASB also…

Houlihan Capital serves as a Financial Advisor to Highwinds; Renders Solvency Opinion Houlihan Capital served as an independent financial advisor to the board of directors to Highwinds and rendered a solvency opinion in connection with their refinancing transaction and special dividend distribution For additional information, please contact: Paul Clark at…

Delaware Chancery Court Allows Business Judgment Rule Instead of Entire Fairness Standard in Minority Squeeze-Out Transaction A recent Delaware Chancery Court opinion by Chancellor Leo Strine, issued May 29, 2013, provides new guidance regarding when the less onerous “Business Judgment Rule” would apply as opposed to the stricter “Entire Fairness…