Tate George, a former player for the National Basketball Association’s New Jersey Nets and Milwaukee Bucks, was convicted on charges of running a $2 million Ponzi scheme that targeted ex-professional athletes, according to a spokesman for U.S. Attorney Paul Fishman.
LightSquared Inc., Philip Falcone’s bankrupt wireless spectrum company, resolved a dispute with lenders on bidding procedures that the company had said could have foiled a $2 billion offer for its assets.
Simpson Thacher & Bartlett LLP and Nishimura & Asahi are representing KKR & Co., which agreed to buy Panasonic Corp.’s health-care unit for about 165 billion yen ($1.67 billion). Panasonic received legal advice from Nagashima Ohno & Tsunematsu.
Consider the puff pastry: airy and voluminous, sweet and savory, flaky and moist. To make real puff pastry, layers of dough and butter have to be delicately, painstakingly folded, often hundreds of times, at 68 degrees Fahrenheit or colder. Mash the layers and there will be no puff to the pastry. Layer the butter and dough at a warmer temperature and the layers will congeal.