Royal Fox Announces Completion of Reverse Takeover Transaction investingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investingnews.com Daily Mail and Mail on Sunday newspapers.
5 , plus
Dollar for dollar of Work-in-Progress ( WIP ) at the
time of the execution of the deal.
All other assets (including accounts receivable) and
liabilities are left for the acquired practice to wind up as the
accounting law firms are generally acquiring the practice and not
the firm (e.g., so no issue if the partner(s) have other assets in
the practice).
They will interview all employees. Those brought over to the
accounting law firm, any future severance liability transfers to
them. Severance liability for employees not hired by the accounting
law firm remains with the acquired firm.
Partners in the acquired practices will normally be offered
Crosswinds Holdings Inc. Announces Change of Management
Crosswinds or the
Company ) announces the reconstitution of management and the board of directors of the Company. Effective immediately, Mr. J. Roy Pottle has resigned as Interim Chief Executive Officer of the Company and Mr. Salman Iqbal has resigned as Interim Chief Financial Officer of the Company. Also effective immediately, Messrs. Thomas Cholnoky, Brad Gold, J. Roy Pottle and Robert Wolf have resigned as directors of the Company.
The Company is pleased to announce the appointment of Mr. Trumbull Fisher as Chief Executive Officer of the Company and Mr. Arvin Ramos as Chief Financial Officer of the Company. The board of directors of the Company was reconstituted to consist of Mr. Daniel Nauth, Mr. Trumbull Fisher and Ms. Jessica Whitton.