The Court will hear joint submissions from ASIC and MGRE as to the appropriate penalty amount.
MGRE is a wholly-owned subsidiary of MG and the responsible entity of the MG Unit Trust.
For the MgRE
alloys, one Mg atom is substituted by a rare earth metal in the 4th, 5th, 6th, 7th, 8th, 9th, and 10th layers, respectively.
According to James Goldstick, Vice President of MGRE
, "The entire MGRE
organization is enthusiastic to have joined forces with one of the most prestigious management firms in NYC to create a combined dynamic new team that will capitalize on the best practices of the two firms which will benefit our existing clients and prospective new clients throughout the New York Metropolitan area.
Lou Heyman, MGRE
's vice president of warehousing, adds, "Obviously MGRE
has made a tremendous investment here, but this is how we justify it: time lost shipping a product is time lost selling a product.