Capital Markets Law360 provides breaking news and analysis on the capital markets sector. Coverage includes stock and bond offerings, mortgage-backed securities, foreign exchange, follow-on offerings, and debt deals, as well as related litigation and policy developments.
Just days before stepping out of office, the Obama administration on Tuesday renewed a bid to fill a pair of vacancies at the U.S. Commodity Futures Trading Commission, re-nominating a former Cravath Swaine & Moore LLP attorney and a hedge fund manager who didn’t advance last year.
A $60 million backstop plan for a stock offering described as key to oil and gas producer Samson Resources Corp.’s compromise Chapter 11 reorganization cleared a Delaware bankruptcy court Tuesday, paving the way to creditor voting and a plan confirmation hearing next month.
Seven companies launched initial public offerings totaling $1.7 billion on Tuesday, led by an estimated $650 million IPO from private-equity-backed oil and gas explorer Jagged Peak Energy, joined by two manufacturers and a bevy of smaller biotechs in the year's first burst of deals.
Claire’s Inc., a jewelry and accessories retailer for girls and young women, said that it would pull its planned initial public offering on Tuesday, marking the latest setback for the specialty retailer and its thousands of stores around the world, in what has been a tenuous environment for retailers.
The U.S. Department of Justice finalized a $7.2 billion deal with Deutsche Bank AG on Tuesday, releasing new details about how Germany’s largest bank misled investors in selling subprime mortgage-backed securities that led to the 2007 financial crisis.