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Private equity magnate Lynn Tilton asked a Delaware federal court Thursday to take over a state-court suit filed by three investment funds that are wrestling with her for control of several businesses, saying the funds are trying to undermine her action against them in New York federal court.
Units of Wells Fargo and other banks went back to New York state court Friday to ask for guidance on how they, as trustees for a slew of residential mortgage-backed securities trusts, should distribute the $4.5 billion they expect to receive soon from a settlement between JPMorgan and a group of investors in the trusts.
A Boston magistrate judge hesitated Friday to release a Cape Cod resident charged with spending the last five years defrauding investors, apprehensive of the man’s criminal history.
An investor in radiology and oncology services firm Alliance HealthCare Services Inc. filed an appraisal petition Friday in Delaware Chancery Court, seeking a court valuation of the investor's shares in the company following its $75 million acquisition by investment holding funds.
The European Union’s financial regulator on Friday said it is considering prohibiting the sale to retail investors of risky financial products known as binary options and placing restrictions on sales of another product called rolling spot forex contracts.