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.
The outline of a plan to restructure nearly $18 billion in debt owed by the Puerto Rico Sales Tax Financing Corp., or COFINA, is missing vital information, some stakeholders said this week, saying more details are needed on how funds will be distributed and how pending lawsuits will affect the process.
Tencent is discussing joining a group vying to take over Finnish sporting goods company Amer Sports Oyj, Levi Strauss & Co. is planning to go public, and the public investment arm of the government of Saudi Arabia is mulling snapping up a stake in Legendary Entertainment.
A New York federal judge won't allow a brokerage and foreign trading firm to force the U.S. Securities and Exchange Commission to produce documents relating to a witness’ testimony about his alleged harassment of a former romantic partner, saying the witness was not untruthful and the line of questioning was inappropriate.
Sears Holdings Corp. is firing back at its unsecured creditors' objections to its bidding procedures proposal, telling a New York bankruptcy court that the committee is making "uninformed" suggestions that could cost the estate billions.
The likely next chair of the House Financial Services Committee, Rep. Maxine Waters, D-Calif., warned Wednesday that the days of post-crisis bank rule rollbacks are numbered and pressed the Federal Reserve’s point man for supervision to promise not to weaken capital standards for the largest banks.