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ipo

Legend of the Rogue Trader

MarketWatch: RiskMetrics Soars in Stock-Market Debut. In markets, like comedy, timing is all-important. So it was highly fortuitous for RiskMetrics Group Inc., a provider of risk-management and corporate-governance products and research, to make its stock-market debut one day after Societe Generale, France’s second-largest bank, stunned the financial world with the revelation of its $7.1 billion trading loss at the hands of a single rogue employee.

I’m not a believer in rogue traders. If an employee managed a series of trades that netted $7.1 billion, no one will be calling that person a rogue trader. The lesson is that you are only a rogue trader if you bet incorrectly. Funny how we don’t apply that derogatory term to other professions, even when they stumble as badly or worse. We don’t talk about a rogue politician that has led our country into war that has resulted in a $488 billion loss. Anyways, RiskMetrics Group Inc. contracts are online.

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ipo

Death of Suburbia

Levittown was the first mass-produced suburb and built by Levitt & Sons, Inc. Last November, the builder, a victim of the real estate downturn, declared bankruptcy, laid off its employees, and left a line of homebuyers in limbo. Levitt Corp. contracts have been added.

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celebrities ipo

Dan Marino Stockholders Agreement

Hollywood Reporter: Digital Domain Enters IPO Ring. The market for initial public offerings is getting interesting, with a special effects company filing for an IPO, while a social networking firm has canceled one. The effects company, Digital Domain, wants to raise about $100 million to pay off debt and maybe produce films, apparently in an attempt to compete with the DreamWorks Animation and Disney’s Pixar Animation, though an executive declined comment Wednesday.

I’ve added Digital Domain contracts, which include a Stockholders Agreement with Dan Marino.