The changes requested by the Third Point hedge fund underscore the idea that legacy food brands must radically shake up their portfolios to remain profitable.
NYS Entity Status
NYS Filing Date
APRIL 29, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - JNC CONTRACTING L.L.C.
AROUND THE WEB
- Shareholders Demand More Drastic Shifts at Nestlé
By STEPHANIE STROM - Tuesday Jun 27, 2017
- Third Point, a Hedge Fund, Sets Its Activist Sights on Nestlé
By MICHAEL J. de la MERCED - Sunday Jun 25, 2017
The fund, run by Daniel S. Loeb, has called on the Swiss food giant to sell its stake in L’Oréal and move more quickly to adapt to changing consumer tastes.
- How a Home Bargain Became a ‘Pain in the Butt,’ and Worse
By MATTHEW GOLDSTEIN and ALEXANDRA STEVENSON - Friday Jul 7, 2017
A contract for deed, a seller-financed deal, can make it difficult to determine who owns a property, and who is responsible for paying taxes.
- Disney Slapped With Lawsuit Over ‘Guardians of the Galaxy,’ ‘Avengers: Age of Ultron’ Effects
By Tim Kenneally, provided by
- Monday Jul 17, 2017
Visual effects firm says that Disney contracted with people who stole the technologyThe company was slapped with a lawsuit on Monday by a visual effects company, which claims that its technology was misappropriated for “Beauty and the Beast,” “Guardians of the Galaxy” and Avengers:“[I]n all of the film industry and media accolades about the record-breaking success of ‘Beauty and the Beast,’ and the acclaimed cutting-edge digital MOVA Contour technology that made the film’s success possible, nowhere is it mentioned that the patented and copyright-protected MOVA Contour technology was stolen from its inventor and developer, Rearden LLC, and its owner Rearden Mova LLC,” the suit reads.Nowhere is it mentioned that although Disney had previously contracted with Rearden LLC and its controlled entities on four previous major motion pictures to use MOVA Contour and knew of a Rearden Demand Letter to one of the thieves demanding immediate return of the stolen MOVA Contour system, Disney nonetheless contracted with the thieves to use the stolen MOVA Contour system.
- Dan Loeb's Third Point Makes Its Largest-Ever Bet With Nestlé Stake
Sunday Jun 25, 2017
Billionaire activist investor Daniel Loeb’s Third Point LLC hedge fund has taken a $3.5 billion stake in Nestlé SA, piling pressure on the world’s largest packaged foods company to find ways to accelerate growth.
- Clippers remove Rivers as president, but he will still coach team
By Associated Press - Friday Aug 4, 2017
Doc Rivers is losing one of his roles with the Los Angeles Clippers, keeping his position as coach while Lawrence Frank takes over Rivers’ responsibility for basketball operations.Last year, Frank was promoted to oversee day-to-day operations of the front office although Rivers retained his title as president of basketball operations.Frank and Rivers have a strong relationship and they worked together to make hires and changes in the front office structure.The Spurs re-signed former St. Mary’s guard Patty Mills, who shot 41 percent from three-point range last season, to a reported four-year, $50 million contract.San Antonio won 67 games last season before being swept by the Warriors in the Western Conference finals.The Lakers signed guard Vander Blue, the G League’s most valuable player last season.The 6-foot-5 guard played last season for the South Bay Lakers of the G League, averaging 24.8 points, 5.1 rebounds, 3 assists and 1.6 steals.