Investment Advisory Firm in New York
Listing Information
Investment Advisory Firm in New York
Created: 01/06/2015
Category: Business Property > All Assets or Going Concerns > Equity Investment Instruments
Sale Date: Tue. Mar 3, 2015
Primary Office Location: 200 Westage Business Center Drive, Suite 228, Fishkill, NY 12524
Debtor's Attorney
555 Madison Avenue 9th Floor
New York, NY 10022
212-765-9100
Case Title: NSB Advisors LLC
Court: New York Southern Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all the assets of NSB Advisors LLC. The Sale Assets include, among other things, (a) Fixed Assets, (b) Intellectual Property, to the extent transferrable, (c) rights and benefits under Assumed Contracts, (d) rights under warranties, (e) claims and causes of action under Chapter 5 of the Bankruptcy Code and under warranties, (f) books and records, and (g) the good-will of the business.
NSB Advisors LLC is a registered investment adviser with offices at 200 Westage Business Center Drive, Suite 228, Fishkill, New York 12524, and it commenced operations in 2009. NSB was established to serve the needs of corporate investors and individual investors with substantial net worth, advising them with respect to buying and selling securities and instruments. Currently, the Company has approximately 410 accounts, 355 of which are managed, and assets under management of approximately $143 million, and uses Pershing as its custodian and broker.
Financial Overview
Additional Details
- Bid Deadline: February 27, 2015
- Bid Deposit: 10% percent of the proposed purchase price
- Initial Overbid: (A) the Purchase Price, plus (B) the amount of the Expense Reimbursement, plus (C) $5,000.
- Subsequent Incremental Bid Amount: $5,000
Purchase Price: The purchase price for the Assets is (a) cash on the Closing Date in the amount of $25,000, plus (b) cure costs on any Assigned Contracts and Leases, plus (c) the Revenue Payments, which are equal to twenty percent (20%) of any and all fees paid to the Buyer for two years after the Closing Date, by any person who is a party to a customer agreement with the Seller as of the date of the Sale Agreement.