Indeed, such other claims may be substantial and the subject of an interpleader action in this Court. For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker. [1] He played college basketball at Southern California (USC) and did not play college football. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. McDonald then used some of the funds from this capital raise for his own purposes, including $174,610 at a Porsche dealership, $109,512 for rent expensesand nearly $7,000 on designer menswear, according to the DOJ. Covid-19 continues to spread rapidly and the vaccine rollout has been slower-than-expected, which is a worrisome combination for the economy and the stock market., The discussion will be streamed via Zoom at this link: https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q. However, there is no proof of service indicating that the supporting declaration, amended declaration, or proposed order were served on debtors. McDonald, who faces up to 20 years imprisonment if convicted, is believed to be in hiding, the U.S. Attorneys office said in a news release. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment That is fatal. Both the Dow and the S&P 500 closed at record highs last week but have pared gains. Produce all communications (including e-mails, text messages, or messages from any messaging service) between James McDonald and Justin Bunnell. By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. The best way to follow the money is to identify advancers versus decliners across as many industries, sub-sectors, regions, and asset classes as possible. Small businesses are still facing closures at a record rate, while the pandemic is expected to push a further 10-15 million people into poverty. Web page addresses and e-mail addresses turn into links automatically. are slashing up to 20% of their workforce. Too many people are getting sick and dying. ${cardName} not available for the seller you chose. The opposite is true of course. McDonald: Number 1 is COVID-19. However, the motion was not properly served. The supplemental declaration also attaches the referenced Settlement Agreement, but paragraph 5 of that agreement merely states: Defendants will give notice of this settlement to their E&O carrier. (Lindemann Supp. James McDonald, CEO of Hercules Investments, told Yahoo Finance's "The First Trade" that the president and his advisors so far have paid close attention . Includes initial monthly payment and selected options. Location South Ozone Park, New York, United States Work Chief Executive Officer @ Hercules Investments Chief Executive Officer and Chief Investment Officer @ Index Strategy Advisors Being able to identify the turning points in sentiment is our secret to success. 2-3, 5 & Ex. "Risks here are as high or higher than potential gains, so it only makes sense to have a defense in place," McDonald concluded. Offered the chance to ask him a few questions about todays markets, I said, of course, and heres how it went: John Navin: James, what's your background? May 2021 - Present1 year 10 months. (Lindemann Decl. 297 views, 25 likes, 0 loves, 5 comments, 0 shares, Facebook Watch Videos from Hercules Investments: James McDonald, CEO of Hercules Investments on CNBC this morning discussing investment. According to Chowthi, D.J. Because in addition to unemployed, he can also now call himself whistleblower.. VS DANNY MICHAEL CORRAL, ET AL. Pronunciation of james mcdonald with 2 audio pronunciations, 1 meaning, 5 translations, 12 sentences and more for james mcdonald. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, Bank of America unveils its top stock pick in each of the 11 S&P 500 sectors and explains why they're poised to dominate in the year ahead, BANK OF AMERICA: Buy these 26 cheap and fundamentally rock-solid stocks before the economic rebound sends them soaring in 2021, Registration on or use of this site constitutes acceptance of our. The SEC alleges that McDonald commingled the investor funds with Hercules assets and his personal assets, and used $440,000 of those funds for personal expenses, including to pay his personal credit card bills. James M Macdonald is Pres:Workplace Investing at Fidelity Investments. McDonald told Business Insider. 5.) Track. LOUI RUDAS, ET AL. Pursuant to CCP 685.040, paragraph 13 of the stipulated judgment, and CCP 1033.5(10)(A), creditor Ginzburg is entitled to the reasonable and necessary costs of enforcing a judgment. Ciaran McEvoy 2021-02-22, Los Angeles County Superior Courts | Contract | Lock However, interest is not the type of cost that can be claimed in this motion. CHICAGO-- ( BUSINESS WIRE )--James McDonald, CEO and Chief Investment Officer of Hercules Investments, a Los Angeles-based Registered Investment Advisor, is hosting a virtual event,. James Arthur McDonald Jr. faces as much as 20 years in federal prison, according to the Justice Department, which filed the charges in California federal court this week. The petition shall include a copy of the proposed complaint in intervention or answer in intervention and set forth the grounds upon which intervention rests. (CCP 387(c).). Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. A locked padlock Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. McDonald was the CEO and chief investment officer for two registered companies; Hercules Investments, based in Los Angeles, and Index Strategy Advisors, which was based in Redondo Beach. Things are escalating quickly for the folks behind StraightPath Venture Partners. The case status is Other. CEVA Logistics. 4.) 4; Brown Supp. Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC, Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. VS TRILLER HOLD CO LLC, ET AL. In late 2020, McDonald lost between $30 million and $40 million of Hercules client money after adopting "a risky short position" based . Eligible for Return, Refund or Replacement within 30 days of receipt. After injuries in high school, as a non-scholarship walk-on player, I ended up playing college football in Maryland and was having a stellar season as a freshman until I suffered a catastrophic knee injury that rendered me disabled for the next 15 years. See James M Macdonald's compensation, career history, education, & memberships. Greater Los Angeles Area Financial Services Companies. 1,230 Number of Organizations $4B Total Funding Amount 434 Number of Investors. My intensity and competitiveness on the field is what makes me extremely effective as an investment manager. VOLQ is even better because it can be used to protect gains and principal in tech holdings. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. Hercules Investments chief investment officer James McDonald used to be a familiar face on CNBC, pontificating about market matters as an expert thereon. James McDonald, CEO at Los Angeles-based alternative investment manager Hercules Investments has a trade which would profit from the stock market dropping back to March lows. A nonparty shall petition the court for leave to intervene by noticed motion or ex parte application. Plaintiff moves to compel BNSKs compliance with the subpoena, which directed BNSK to produce or do the following: All drafts of settlement agreement with Ascot, and the final signed copy of the settlement agreement with Ascot. Explore Our Venture Lending Portfolio | Hercules Capital Whether you're a curious investor or a successful start-up seeking VC financing, Hercules Capital is for you. He played for the Los Angeles Rams and Detroit Lions. First, the judgment was entered on December 9, 2021. In a recent note to clients, McDonald, who profited from the pandemic crash in March with bullish wagers on stock-market volatility, laid out three reasons the market is especially vulnerable to such a swift downturn right now. 312 North Spring Street Esparza v. Campanario Entertainment LLC et al. He appeared as a financial expert on TV. in commitments IPO and M&A exits companies funded assets under management co-investments with VC & PE firms new debt & equity commitments in commitments IPO and M&A exits CCP 685.080(b) states: The notice of motion shall be served on the judgment debtor. Navin: What book or books would you recommend for someone interested in learning about markets? LOS ANGELES A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a federal criminal complaint alleging he lied to investors. Proposed Intervenor Justin Bunnells Ex Parte Application for an Order Granting Leave to Intervene or, in the Alternative, for an Order Advancing the March 10, 2022 Hearing Date on Justin Bunnells Pending Noticed Motion for an Order Granting Leave to Intervene is DENIED. Navin: So, you're expecting a big sell-off how big? Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. Decl. (See 2/15/22 Minute Order at 2-3.) To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://us02web.zoom.us/webinar/register/WN_guvDkdmgQcy4-HcSuTnb1Q, https://hercules-investments.com/hercules-public/index.html. Scott Gamm (See CCP 685.070(a) [listing costs that creditor may claim].). A [Complaint in Interpleader].). Given these circumstances, McDonald said, the S&P 500 could crash to 1,900 if investor sentiment suddenly turns negative. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network,. Please prove that you're human. Ruth Ann Kwan in Department 72 Stanley Mosk Courthouse, DocketComplaint; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketCivil Case Cover Sheet; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketSummons on Complaint; Issued and Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), DocketNotice of Case Assignment - Unlimited Civil Case; Filed by: Clerk, Case Number: *******9709 Hearing Date: October 11, 2022 Dept: 72, MOTION FOR POST-JUDGMENT COSTS AND ATTORNEY FEES INCURRED IN ENFORCING JUDGMENT, Case: Semyon Ginzburg v. Hercules Investments, LLC et al. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. McDonald will also be speaking at The Executives Club of Chicagos 2021 Annual Economic Outlook virtual event on January 14. Ruth Ann Kwan in Department 72 Stanley Mosk Courthouse, Complaint; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Civil Case Cover Sheet; Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Summons on Complaint; Issued and Filed by: Semyon Ginzburg (Plaintiff); As to: HERCULES INVESTMENTS, LLC, a California limited liability company (Defendant); James A. McDonald, JR. (Defendant), Notice of Case Assignment - Unlimited Civil Case; Filed by: Clerk. Curtis A. Kineffective 06/14/2021; Reason: Inventory Transfer 06/14/2021 5.) If Biden wins, he will make the necessary tough choices early on that will hammer the market: tax hikes, and sweeping lockdowns of the economy. , is believed to be in hiding, the S & P 500 could crash 1,900! Investments, LLC, a California LIMITED LIABILITY COMPANY, ET AL a... James Zell mcdonald ( born March 29, 1961 ) is a former football! 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