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Pillar Processing Firm That Helped Steven J. Baum P.C. To Lay Off 590 People

Pillar Processing Firm That Helped Steven J. Baum P.C. To Lay Off 590 People


Just as in Florida with Stern & DJSP, this will continue to repeat with others.

You all know who you are.

Rewind-

In 2007 Steven J. Baum sold all or most of his stake in Pillar to Tailwind Capital. Tailwind is a Hedge Fund that buys companies that are valued between $25 – and $100 Million. Sometime later, Ares Capital Corporation, a publicly traded company invested over $30 Million in Pillar. Both Baum & Pillar share an address.

Ares, Tailwind Said to Be Subpoenaed in N.Y. Foreclosure Probe.

BUFFALO NEWS-

Pillar Processing, a back-office and document-processing firm with close ties to the Steven J. Baum PC foreclosure law firm, will lay off 590 full- and part-time employees at its offices in Amherst.

The company told state and local officials that the layoffs are expected to take effect Feb. 27. Pillar is also laying off about 20 employees in Westbury, on Long Island.

[BUFFALO NEWS]

H/T JeffreyFreedman.com

“I’m not saying Baum and Pillar were not in the wrong, but according to my sources, many other firms in New York were doing the same things as Baum and Pillar,” Freedman said. “However, Baum and Pillar were the only upstate companies handling a large volume of foreclosure business, and now the work is most likely going to move to downstate firms that are still in business.”

I think we all know that they know who they all are. :) Sound Off!

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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DJSP Enterprises, Inc. Announces Intention to Voluntarily Delist and Deregister Stock

DJSP Enterprises, Inc. Announces Intention to Voluntarily Delist and Deregister Stock


Form 8-K for DJSP ENTERPRISES, INC.


8-Mar-2011

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stan


Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing. DJSP Enterprises, Inc. (the “Company”) today announced that it has notified The NASDAQ Stock Market LLC (“NASDAQ”) of its intent to voluntarily delist its ordinary shares, warrants, and units from the NASDAQ Global Market and deregister its ordinary shares, warrants, and units under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In connection therewith, the Company notified NASDAQ of its intention to file, on or about March 18, 2011, a Form 25 with the Securities and Exchange Commission (the “SEC”) to voluntarily delist the ordinary shares, warrants, and units. The ordinary shares, warrants, and units will continue to be listed through March 28, 2011 and will no longer be listed thereafter.

The Company also announced its intention to file a Form 15 with the SEC on or about March 28, 2011, in order to terminate the registration of the ordinary shares, warrants, and units under Section 12 of the Exchange Act and to terminate its reporting obligations under the Exchange Act.

A copy of the press release announcing the Company’s intention to delist and deregister the ordinary shares, warrants, and units is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits
(d) Exhibits.

Exhibit No. Descriptions
99.1 Press release, dated March 8, 2011.

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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