The National Futures Association asked a New York federal judge Monday to throw out a suit by customers of the Peregrine Financial Group who say the association failed to alert the public of Peregrine’s bad accounting and theft, saying the suit is late and legally weak.
Landesbank has reportedly loaned $260 million for a Manhattan apartment complex, Belmont Savings Bank is said to have loaned $11.5 million for a Florida self-storage project and REIT CenterPoint Properties has reportedly dropped $95 million on a Florida distribution center.
A Massachusetts federal grand jury has indicted the head of a Swiss asset management firm for allegedly orchestrating a global pump-and-dump securities scheme worth $164 million over three years, prosecutors said Tuesday.
A federal magistrate judge recommended Monday that a suit accusing Vanderbilt University of mismanaging its workers' retirement savings play out as a bench trial, urging a district judge assigned to the case to strike the workers' demand for a jury trial.
Fried Frank Harris Shriver & Jacobson LLP represented a Blackstone Real Estate Debt Strategies entity in connection with a roughly $432.1 million loan it issued for a condo tower property on Murray Street in Manhattan, according to records made public in New York on Tuesday.
The U.S. Securities and Exchange Commission on Monday asked a New York federal court to keep alive its suit accusing two ex-Cantor Fitzgerald & Co. traders of commission-sharing that contributed to inaccurate record-keeping, saying their dismissal bid misinterprets the law and misrepresents their knowledge of the wrongdoing.
The Delaware Chancery Court on Tuesday rejected a proposed settlement to resolve a shareholder challenge to Goldman Sachs Group Inc. nonemployee director compensation on grounds that the deal would release the claims without fair consideration to the company.
The U.S. Department of Labor moved Monday to make President Donald Trump’s executive order on retirement regulations a reality, proposing a rule that would make it easier for companies and the self-employed to join existing retirement plans or band together to create new ones.
A federal Florida judge on Monday certified a class of nearly 59,000 Raymond James customers in litigation accusing the financial services firm of charging unauthorized commissions via a padded “processing fee,” rejecting the company’s argument that class members couldn’t be ascertained without transaction-by-transaction account reviews.
A proposed class seeking to undo an approved Equus Total Return Inc. stock incentive plan argued in Delaware Chancery Court on Monday that their complaint claiming not enough information was provided for shareholders about the plan should move forward to trial.
An Illinois federal judge on Monday dismissed a suit brought by a businessman whose former partner allegedly fired him and then threatened him into staying silent about a "spoofing" scheme, saying the business dispute doesn’t seem to have violated federal law.
Four former employees of defunct hedge fund Platinum Partners say insurance money is running out ahead of their trial on charges of defrauding investors and have asked a Brooklyn federal judge to make the fund's receiver dip into its assets for their defense.
A Florida bankruptcy judge granted approval Friday for the $19.5 million sale of a trove of artifacts recovered from the Titanic shipwreck to a consortium of hedge funds at a recent bankruptcy auction.
Sidley Austin LLP has guided asset manager Z Capital Partners LLC and casino company Affinity Gaming in their $133 million unsolicited takeover bid announced Monday for the acquisition of gaming facilities owner-operator Full House Resorts Inc., the law firm said.
Real estate investment trust AvalonBay Communities has reportedly paid nearly $103 million for two Florida apartment buildings, Broadway producer Terry Allen Kramer is said to be seeking $135 million for her Florida mansion, and a Commerz Real venture is reportedly in talks to pay nearly $200 million for a Chicago building.
New York-based real estate investment firm Madison Realty Capital said on Monday that it has closed a $258 million loan facility for a 1,161-unit multifamily development portfolio to be used at three sites in New Jersey.
Investcorp did not renege on investment promises when it pulled client funds out of its strategic partner ahead of the partner's collapse, the investment advisory firm argued in a New York federal court in its bid to escape a “nonsensical” $100 million negligent misrepresentation suit.
A group of Delphi Corp. retirees has urged a Michigan federal court not to give Pension Benefit Guaranty Corp. a quick win on claims in its suit challenging PBGC's termination of a pension plan that covered thousands of salaried workers, saying the plan could have been saved.
London-based Queensgate Investments LLP said on Monday that it has acquired the 97,000-square-foot Courtyard by Marriott International in Washington, D.C., for $54.1 million in a deal that was guided by Brown Rudnick LLP and Ernst & Young.
Six current and former Columbia University executives escaped allegations they breached their fiduciary duties to the school's retirement plan Friday, when a New York federal judge signed off on the proposed class of participants’ agreement to drop the claims.
On Oct. 19, the IRS proposed regulations providing long-anticipated guidance related to the opportunity zone program. In the coming months, countless practitioners will work to interpret the specifics of the guidelines, but in the meantime there at least 10 clear takeaways for investors, says Jacob Werrett of JMA Ventures LLC.
Notwithstanding protectionist trends on both sides of the Pacific, there continues to be high levels of interest from Chinese investors looking to invest in U.S. companies and vice versa. Charles Comey and Jim Ryan of Morrison & Foerster LLP discuss the new regulatory challenges facing these deals.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
Following Sears' bankruptcy filing this week, there could be an announcement that the company has agreed to sell its most valuable stores to an affiliate of its largest shareholder, say Karen Park of ParkLaw LLC and Tara Desai of Greenhouse Branding Inc.
In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.
Earlier this year, the U.S. Securities and Exchange Commission proposed amendments to the rules governing its whistleblower incentive and protection program. Kathleen Massey of Dechert LLP examines the key issues raised by the public comments filed in response, and what to expect from the final rules.
The Sears bankruptcy was filed early Monday, but the company's insolvency has been in plain view in the form of financial market evidence for a very long time. This case presents a prime example of the role such evidence can play for companies, their insiders, and outside advisers and auditors, says J.B. Heaton of the University of Chicago Law School.
The insider trading action against certain Fortress securities traders is one more example of the U.S. Securities and Exchange Commission relying upon analytical data to pursue what may be suspicious activity. But a New Jersey federal court's recent decision in the case reinforces that suspicious trades are not enough, say attorneys with DLA Piper.
The former CEO of a U.K. bank recently pled guilty to charges under the Foreign Account Tax Compliance Act, following a U.S. Department of Justice sting operation spanning several countries. The conviction sends a clear message that U.S. authorities will prosecute not only U.S. account holders, but those who facilitate tax evasion, whatever their nationality, say attorneys at White & Case LLP.