Asset Management Archive » February, 2015

Asset Management - February, 2015

353 articles

• Manager Took From Uber Fund To Pay Twitter Investors: SEC
• SEC's $300M Wyly Judgment Is Only Half The Battle
• Qatar Fund Buys Up Milan's Landmark Porta Nuova
• Skadden Blasts 'Vexatious' Radnor Founder's Fraud Claims
• Brand Battles: NCAA, Margaritaville, Rothschild Family
• Real Estate Rumor Mill: Tishman, Starwood, Panasonic
• Real Estate Moguls On The Move
• SEC Enforcement Bound By 180-Day Deadline, DC Circ. Hears
• Revolving-Door Roundup: Paul Weiss, DLA Piper, Cadwalader
• 2 Delaware Cases May Slow Appraisal Arbitrage Momentum
• Dropped Herbalife Insider Case Leaves Questions Unanswered
• Judge Unseals Warrant That Drove Chiasson's Arrest
• Davis Polk, BigLaw Brethren Rack Up Billables On MBS Deals
• Bharara Sued Over Insider Trading Raid On Hedge Fund
• Deutsche Bank Rival Denies Raiding Employees
• Sullivan Guides NorthStar's Plan To Spin Off European Biz
• NY AG Whistleblower Plan May Make SEC Up Bounty Game
• DOJ Grabs Headlines With $2.6B MBS Deal, But Little Else
• 3rd Circ. Keeps Carlyle Investor Battle In Delaware Court
• Ex-McGinn Smith Brokers Punished In $125M Scheme
• LightSquared Stockholder Floats Rival Ch. 11 Plan
• CFTC Suit Claiming Atty Aided Investment Scam Can Proceed
• Mexican REIT Terrafina Inks $101M Land Sale Deal
• Lawmakers Doubt Puerto Rico's Play For Ch. 9 Relief
• Neal Gerber, Wachtell Guide JV For $1.6B Mall Portfolio
• Reed Smith Nabs Ex-Ambassador To Up Asian Presence
• JPMorgan, Deutsche Ordered To Give Argentine Bond Docs
• Ex-Logica Manager Pleads Guilty To Insider Trading
• Activist Investors Seeking REIT Spinoffs After IRS Change
• Fontainebleau Reaches $115M Deal With Resort Investors
• Caesars Juniors Want Kirkland DQ'd Over Sponsor Ties
• NY AG To Push Whistleblower Rewards Program
• RadioShack OK'd For March Auction Led By Standard General
• 3rd Circ. Won't Revisit IDT Suit Over $42.5M Winstar Deal
• Law Profs Blast Bharara's Appeal Of Newman Decision
• Receiver Says 11th Circ. Erred In Nadel Clawback Ruling
• Caesars 2nd-Tier Lenders Fight To Hold Seat At Ch. 11 Table
• Real Estate Rumor Mill: Blackstone, Bloomberg, WeWork
• Morgan Stanley To Shell Out $2.6B To End MBS Probe
• Dentons Grabs Ex-Locke Lord REIT Group In Dallas
• Christie Faces Uphill Battle In Shaking $1.6B Pension Ruling
• GOP Sen. Probes FINRA On Risk Data Plan
• Cooperator In Galleon Insider Trading Probe Avoids Prison
• House Passes Bill To 'Modernize' Section 529 Plan Rules
• Work In Progress: Reconciling US And EU Derivatives Rules
• Blackstone, Anbang Kinship May Spark Steady Deal-Making
• GOP Bill Aims To Block DOL's Financial Adviser Regs
• NJ-Based Finance Whiz Admits To Stealing Investment Funds
• REIT Fibra Uno Drops $185M On Mexico City Office Tower
• Activist Reignites Calls For Shakeup At Electra PE
• FINRA Fines First New York For Rep's Japan Insider Trading
• Hudson's Bay Forms Real Estate JVs In Deals Totaling $3.4B
• RadioShack Provides New Data Point In Credit Bid Debate
• Real Estate Rumor Mill: Cushman, BlackRock, Westport
• Christie Pushes Pension Reform In Wake Of NJ Court Ruling
• Arnold & Porter Reps REIT DiamondRock On $59M Hotel Buy
• Wal-Mart Uses SEC Criticism In 3rd Circ. Gun Sales Appeal
• Attorneys React To SEC's FCPA Action Against Goodyear
• Goodyear FCPA Fine Spotlights Dangers In Overseas M&A
• CFTC Asks 7th Circ. To Uphold BC Capital Asset Freeze
• Kirkland, Gibson Guide $530M Times Square Hotel Deal
• Activist Hedge Funds Swell Sixfold To $120B In Past Decade
• Aviva Investors Fined £18M Over Cherry-Picking Controls
• Sidley Must Give Emails To Judge Mulling DQ Bid In Tuna Row
• Ex-Two Sigma Analyst Cops To IP Theft, Faces Deportation
• Goodyear Pays $16M To Settle SEC's FCPA Charges
• How Activists Use Lack Of Information To Achieve Results
• Standard General Rejects RadioShack Bid Critics
• Few Tech Ties In $16M Kleiner Perkins Sex Bias Trial Jury
• NJ Must Pay $1.6B In Promised Pensions, Court Says
• McGuireWoods Scolded By UK Court Over $3.5B Suit's Length
• SEC Considers FINRA Plan On Debt, Equity Research Rules
• Ex-Quiznos Execs Can't Skirt Discovery Stay In Investor Row
• Jailed Boston Lobbyist Indicted Over Sham State Pension
• Self-Storage REIT Jernigan Capital Targets $110M IPO
• SEC Says Energy Investing Biz Misused $1M For Legal Bills
• Obama Backs Upping Retirement Advice Fiduciary Standard
• HSBC Legal, Regulatory Set-Asides Now Top $2B
• REIT DiamondRock's GC Sees Shift To Franchise Deals
• High Court Denies Cert. In Ameriprise Insider Trading Case
• Allergan Fuels Tension Over Schedule 13D Disclosure
• This Week In Congress: Avoiding A DHS Funding Showdown
• SEC Accountants Dig Deep For Financial Fraud
• SEC Pledges To Explain Use Of 'Bad Actor' Waivers
• AIG Unit Can't Revisit Ruling Over Fidelity Ponzi Coverage
• Testimony In NML's Argentina Bond Fight Ordered Unsealed
• 11th Circ. Denies TD Bank Stay For $74M Ponzi Suit Order
• Scopia Fails To Move Guar Plant Ch. 11 Coverage Row
• Activist Marcato Pushes Sotheby's For $500M Share Buyback
• 6 Contractors Paid Off Petrobras, Brazil Says
• SEC's Stein Sees 'Red Herring' In Anti-Waiver Reform Args
• Market Rumors: Grove Int'l, Ado Properties, Arqaam Capital
• Ex-Atty, Financial Adviser Pleads Guilty To Ponzi-Like Fraud
• SEC's Piwowar Questions Use Of In-House Courts
• FINRA's Blockbuster 2014 Has Attys Wondering About Sequel
• Man Group Drives Diversification With NewSmith Buy
• Nabarro, Mayer Brown Guide AXA Deal For London Project
• SEC's Gallagher Blasts DOL Push For Fiduciary Standard
• 2nd Circ. Rejects Time-Based Damages For Madoff Victims
• BGC Finally Wins GFI Support For $778M Takeover
• In-House Counsel's Dirty 'Little' Secret: Data Leakage
• Hermitage CEO Escapes 2 Subpoenas In $230M Tax Fraud Row
• White Says SEC To Target Market Structure, Fiduciary Rule
• When Negligence, However Gross, Is Not Enough
• Morgan Stanley SOX Whistleblower Sues Over Retaliation
• Mark Cuban Asks 2nd Circ. To Deny Bharara's Newman Appeal
• Greenberg, Jaffe Raitt Guide KBS' $127M Sale To Fortress
• Minn. Supreme Court Sets New Standard For Fraud Claims
• FINRA Fines Spike To $135M In 2014 Despite Drop In Cases
• Troutman And Pryor Cashman Guide $161M NYU Dorm Loan
• Lehman Brothers Creditors Getting $2.2B Payout
• Forex Fraudster Hit With 97 Months, $3.9M In Restitution
• 'Bad Actor' Waivers Likely Back On Agenda At SEC Talkfest
• Orrick Finance Whiz Takes Top Legal Job At Muni Bond Board
• BGC Says It Is Nearing Accord For $778M GFI Tender Offer
• Chiasson Calls Bharara 'Petulant Rooster' In Appeal Brief
• Caesars Calls For End To Noteholders' Ch. 11 Committee
• Hedge Fund Owner Asks 8th Circ. To Undo $95M Judgment
• SEC Sued Again Over 'Unconstitutional' In-House Case
• UK Regulator To Probe Competition In Investment Banking
• Hunton, Shiboleth Guide $77M Brooklyn Luxury Apt Deal
• Follow Law360 At 'The SEC Speaks In 2015' Conference
• UK Watchdog Backs Specifying Commission, Research Funds
• Real Estate Rumor Mill: A&E, 1 Detroit Center, Four Seasons
• Broker, Exec Pay $1.5M To SEC Over Alleged CDO Bid-Rigging
• RadioShack's Unsecured Creditors Blast Standard General Bid
• Natixis To Buy Stake In France's DNCA For $625M
• Trump Creditors Strike Deal To Support Icahn-Backed Plan
• Greenberg Shines In Time-Crunched Waldorf, Baccarat Deals
• 1MDB To Sell Off Assets In Bid To Reduce $11.6B Debt
• Fight Over DOL Fiduciary Standard Rule Heats Up
• Ocwen Partner Hit With Shareholder Suit Over Ally's Troubles
• REIT FelCor Lodging Nabs $93M In Sale Of 3 Hotels
• Feds Grant 3 Extensions On Bank Failure Plans
• Loring Ward Can't Nix Claims It Undervalued 'Law & Order'
• Petropavlovsk Stockholders Counter Creditor Rescue Plan
• Feds Urge 2nd Circ. To Uphold Ex-Jefferies Rep's Conviction
• Spanish REIT Merlin Scores $152M For Massive Mall
• Feds Halt $4M Ponzi Scheme Promising 'Limitless' Returns
• Caesars Noteholders Demand Access To Investigation Docs
• Investment Co. Seeks Damages From Tax Shelter Client
• Cerberus Fights CDS Cash-Out Claims In RadioShack Ch. 11
• Feds Say 'Spoofing' Law Isn't Vague In 1st Prosecution
• AXA Raises €1.5B For Real Estate Debt Fund
• Sidley Reps Silver Bay In $263M American Home Deal
• Real Estate Rumor Mill: Anbang, Carrefour, Kushner
• UK Asset Managers Need Better Insider Trade Controls: FCA
• European Commission Unveils Capital Markets Union Plan
• Merrill Lynch Escapes Arbitration Appeal At NJ High Court
• RadioShack Creditors Seek Probe Of Ch. 11 Timing
• Newman Sends Insider Trading Shock Waves Beyond SDNY
• Winstead Botched $62M Loan Workout, Texas Suit Says
• Schwab Settles NY Fraud Case Over Auction Rate Securities
• Citibank Wants To Pay Some Argentine Bonds In Debt Row
• Seyfarth Shaw, Paul Weiss Guide $67M NY Soho House Deal
• Shady Trader Impersonated Boss When SEC Called, Feds Say
• Mass. Snowfall Delays Raj Rajaratnam's 2nd Circ. Appeal
• REIT Gecina Drops $215M On Paris Office Property
• ISS, Glass Lewis Back Petroceltic In Fight With Activist
• Auto Supplier Lear Lifts Buyback To $1B As Activist Circles
• Real Estate Rumor Mill: Parnas, Starwood, Blackstone
• Activist Seeks CEO Ouster, Board Shakeup At Tempur Sealy
• Foreign Sovereign Debt Restructuring After Argentina
• This Week In Congress: DHS Funding Looms In Recess
• Calif. Continues To Lead The Charge On Climate Reform
• Caesars Seeks Examiner To Explore Contentious Deals
• Investors Eye Friendlier Turf For European Workouts
• Phony Hedge Fund Manager Bilked Investors, NYAG, SEC Say
• What We Can Learn From SEC's Oppenheimer Dissent
• SEC's Aguilar Calls For Municipal Securities Rule Overhaul
• Law Profs, Others Back Wal-Mart Investor In Gun Sale Fight
• Bharara Foes Pounce On Newman Ruling In SDNY
• Tech Co. Axcelis Reshuffles Board As Proxy Fight Looms
• CORRECTED: 7th Circ. Weighs Penalties Against Chinese Trader
• SEC Commish Says Congress May Need To Solve Waiver Spat
• Mortgage-Focused REIT Great Ajax Fizzles In $71M Debut
• Fee-Shifting Foe Urges Del. Lawmakers To Pass Amendment
• Malaysian Fund 1MDB Settles $550M Loan With Lenders
• Raffeisen Grabs La Roche In Latest Swiss Banking Tie-Up
• Tire Recycling Giant Liberty Strikes Restructuring Deal
• SEC Commish Raises Heat On FINRA Risk Data Plan
• RadioShack Looks To Move Fast On Lease Auction
• Make-Wholes Not Catching On After Momentive, Attys Say
• Chancery Won't Shift $25M Rural/Metro Fee Award Onto RBC
• Ex-SEC Commissioner, Columbia Law Prof Goldschmid Dies
• CFTC Atty Makes Case Against High-Speed Trading Tactics
• House Votes To Make 4 Tax Extenders Permanent
• REITs Raised Nearly $9B In January
• 1st Weeks Of The Year Provide A Taste Of Proxy Season
• Rejecting $960M Deal, GE Sues AIG For Securities Fraud
• JP Morgan, Pension Fund Inject $250M Into Shopping REIT
• GE Moves To Allow Large Shareholders To Nominate Directors
• Vornado Takes Bigger Bite Of $480M NYC Crowne Plaza
• Mayer Brown Grows Real Estate Practice With Ex-Lee Int'l Atty
• BT Launches $1.5B Share Sale To Back Blockbuster EE Buy
• MD Sass CEO Must Face Claims Over Eastman's Sterling Buy
• Lazard Kicks Off $400M Senior Notes Offering
• Real Estate Rumor Mill: Blackstone, Normandy, CDW
• CFTC Budget Woes Met With Republicans' Tiniest Violin
• Partners Group Pays $264M For Pair Of Milan Properties
• Commissioners Blast SEC For 'Failure' Of Internal Processes
• Norway Sovereign Fund Buys Stake In $1.4B NY Tower
• Allergan Shareholder Withdraws Suit Over Spurned Valeant Bid
• EBay Plans $5B PayPal Dowry As Part Of Spinoff
• Hedge Fund's Novel AIA Strategy Targets Acorda's MS Drug
• Stabilis Capital Closes Fund IV With $540 Million
• Electra To Trim Annual Fee After Foiling Activist Campaign
• EU Releases Proposal For Regulatory Work In US Trade Talks
• Activist Peltz Urges DuPont Investors To Back Board Picks
• Yucaipa Slams Allied Creditors With $175M RICO Action
• REIT Prologis Pays $820M For 5.4M Square Feet
• Puerto Rico's Congressman Bullish On Ch. 9 Reform
• Jones Energy Sells $250M Notes, Launches Follow-On Offering
• FINRA Scoops Up New Data Analytics Head From SEC
• Senate Finance Committee OKs Package Of 17 Tax Bills
• Not Necessarily A New Era Of Ratings Scrutiny
• GCs Name Best Of The Best Attorneys
• News Corp. Seeks To Crush Investors' Poison Pill Suit
• RadioShack Asks Ch. 11 Judge To OK $3M In Worker Bonuses
• 11th Circ. Won't Revive Nadel Ponzi Scheme Clawback Suit
• Real Estate Rumor Mill: DivcoWest, Benchmark, H&M
• 5 Firms Boast The Most Client-Savvy Attorneys
• LightSquared Unveils New $210M Bankruptcy Financing Deal
• SEC's Ceresney Isn't Sweating 2nd Circ.'s Newman Ruling
• FINRA Gives Rundown Of Algorithmic Trading Plans
• GCs Give Top Marks To 7 Standout Associates
• GCs Name Cream Of The Crop Litigators
• Ex-ConvergEx Unit CEO Admits Wrongdoing In Fraud Deal
• Investor Suits Over Millennial Media's $152M IPO Consolidated
• HSBC-Backed Hang Seng To Sell $2B Stake In Chinese Bank
• State Pensions Seek To Unify Petrobras Securities Suits
• Newman Slams Bharara Challenge To 2nd Circ. Insider Ruling
• 3 Issues Real Estate Fund Sponsors Should Follow In 2015
• Calif. Court Revives PacBell Retirees' Fraud Suit Against AIG
• Wyo. Fund Exec's Guilty Plea In Doubt After Newman
• Skadden Hit With Bid For Fraud Sanctions By Radnor Founder
• Icahn Hit With Insider Trading Suit Over Short-Swing Profits
• 'Big Short' Money Manager Appeals $3M SEC Sanction
• Death Of Debt Law Divides Puerto Rico Investors
• Dershowitz Didn't Do Work On Conviction Appeal, Suit Says
• RadioShack Gets Nod For $10M Interim DIP Draw
• Real Estate Rumor Mill: Oceanwide, Beacon Capital, Madison
• Caesars' Skipped Payment Not A Default, Swaps Panel Rules
• NJ-Based Financial Whiz Charged With Stealing $1M In NY
• SAC's Martoma Cites 'Racial Bias' In 2nd Circ. Appeal
• Keppel Land Pays $138M For London Office Property
• Market Rumors: Apple, Axiom, Virgin Active
• FINRA's Risk Data Plan Limits Investor Choice: Think Tank
• Israeli Real Estate Co. Raises $158M In Bond Sale
• Madoff Trustee's Latest Payout Pushes Recovery Past $7B
• Harbinger Renews Attack On $1.7B LightSquared Guaranty
• Greenberg, Holland & Knight Lead Record $230M NY Hotel Deal
• Gush Of Real Estate Capital Fueling Struggles For JV Control
• SEC Disputes Rajaratnam Appeal Of $93M Fine In 2nd Circ.
• The Best Defense Requires Litigating On The Merits
• Manitowoc Tweaks Governance Provisions In Truce With Icahn
• Puerto Rico Bondholders Shoot Down Restructuring Law
• Caesars Swaps Case Tests Investors' Sway
• Stanford Receiver Faces Uphill Battle In 1st Insider Trial
• Tax Pros Warn New IRS Rule On Reinsurance May Backfire
• RadioShack Pushes Quick Sale, Pledges Open Auction
• 4 IPOs Draw $1.33B As Strong 2015 Starts To Take Shape
• Corporate Defaults Have Skyrocketed In 2015, S&P Finds
• RadioShack's Unusual Deal With Sprint Unlikely To Save It
• Pershing Taps Ex-NY Federal Prosecutor As Senior Counsel
• SEC's Oppenheimer Dissent Shows Cracks In Waiver Reform
• DuPont Rejects Activist Trian's Board Picks
• The State Of Play In 2015: Year Of The Regulator
• Credit Agricole, Ardian Team To Buy Italian Airport Stake
• Easterly Government Shares Rally After Raising $180M In IPO
• Sandell Urges Brookdale REIT Spin-Off, Board Shake Up
• High-Frequency Trading Cases Slow To Take Shape
• Are Secured Claim Purchasers Under Attack?
• Real Estate Rumor Mill: Baccarat, Kaisa, BofA and Apollo
• Stockton Bankruptcy Plan OK'd Despite Holdout
• $7.7B MBS Suit Against RBS Shows Signs Of Life
• Wainscott Founder's Son Charged With Murdering Father
• Hilton, PepsiCo. Tapped For Caesars Creditors Committee
• Verizon Inks $5B Asset Deal With American Tower
• SEC's 180-Day Rule Just An Internal Deadline, DC Circ. Told
• Willkie Farr Scoops Ex-Bracewell Energy Finance Partner
• Feds Charge Rothstein Adviser Linked To $1.2B Ponzi Scheme
• GE Capital Can't Merge Suits Over $3.6B Petters Ponzi Plot
• REIT Apollo Completes High-Profile $74M Mezzanine Loans
• Bose McKinney, Booth American Settle $7.6M Malpractice Suit
• LSE Puts Russell On Selling Block Months After $2.7B Buy
• SEC Says Calif. Adviser Used Investor Funds For Settlement
• REIT Sovran Self Storage Pays $120M For 4 Properties
• SEC Won't Let Barred Hedge Fund Manager Return To Old Job
• Beware Blurry Edges Of HSR's Investment-Only Exemption
• US Financial Watchdogs Tweak SIFI Designation Process
• Ontario Nets $885M In Sale Of Remaining GM Stake
• Real Estate Rumor Mill: Toyota, Norges, Milwaukee Bucks
• Out-Of-Court Restructuring Faces New Burdens In SDNY
• Paul Weiss Snags Lead Gupta Prosecutor For NY Office
• UBS Faces Fresh Probe For Allegedly Aiding Tax Evasion
• SEC Commissioners Blast Decision Not To DQ Oppenheimer
• Caesars Brings On Ex-Hertz Head As CEO Steps Down
• Attys, SEC Slog Long Road To Debt Tender Offer Reform
• JPMorgan Says Bankruptcy Kills $3.7B Petters Ponzi Suit
• Adviser Can't Halt Ne-Yo's Fraud Suit Over Sports Drink Co.
• FINRA Eyes New Rules On Fired Brokers, Military Sales
• Holland & Knight Guides Fibra UNO $689M Mexican Debt Offer
• Despite Staples Snub, Activist Has Flex In $6.3B Merger
• US Bank Reaches $18M CFTC Deal For Peregrine Victims
• Swaps Panel Weighs Briefs On $1.7B Caesars CDS Question
• NJ Hedge Fund Swindled $2M From Hotel Developer, Suit Says
• SEC Sanctions Investment Advisers Over Dummy Offices
• Real Estate Rumor Mill: Sarajevo, Related Cos., Tishman
• Partners Pays $186M In Largest Post-Crash Baltics Buy
• Zoetis Hands Ackman 2 Board Seats To Head Off Proxy Fight
• Family Offices Resemble Early PE In Direct Investing Shift
• EU Securities Regulator Publishes Market Abuse Guidance
• Office REIT Formed By Resource Real Estate Eyes $1.1B Debut
• Davis Polk Leads Crestview Partners To $3B Fund Close
• The Year Of FCPA Liability For Financial Firms?
• Avoid Spoliation Anxiety With Litigation Readiness Plans
• Staples Scoops Up Office Depot For $6.3B In Cash, Stock
• SEC Vet Takes Investment Division's Reins As Acting Chief
• After S&P Deal, Wary CMBS Raters Could Sap Industry Profits
• Attorneys Weigh In On DOJ's $1.38B Settlement With S&P
• $1.38B S&P Settlement Cements FIRREA As DOJ Darling
• Deals Rumor Mill: RadioShack, AT&T, Staples
• JPMorgan Pushes For Broad Discovery In OT Class Action
• MGM Fights Class Cert. Bid In CityCenter Investor Row
• Jowa Holdings Strikes $165M Deal For NYC Office Building
• Staples Merger Chatter Reaffirms Starboard's Top-Dog Status
• SEC Says Sales Agent Can't Stay Investment Scheme Suit
• IRS Promises Rules On Hedge Fund Reinsurance Tax Strategy
• American Realty Unit To Shell Out $253M For NYC Office
• Mortgage-Focused REIT Great Ajax Eyes $91.5M Debut
• Hedge Fund Blasts FERC Manipulation Accusations
• Hedge Fund Sues Baker Donelson Over Alleged Loan Trickery
• Arcapita Doubles Its Money In $1B-Plus Pods Exit
• S&P, DOJ Ink Landmark $1.38B Settlement Over Rosy Ratings
• S&P Paying $125M To End CalPERS Suit Over $1B Losses
• SEC's Suit Against Newman, Chiasson Placed On Hold
• NYSE To Delist RadioShack After Lenders Claim Default
• Feds' Moody's Probe Marks Closing Of Financial Crisis Book
• Chancery Dings Appraisals, But Deal Makers Still Vulnerable
• MetLife Scores $50M Financing For Houston Office Building
• Holland & Knight Adds 3 Ex-Akin Gump Finance Attys In LA
• Chetrit Nabs $150M Loans For NYC Hotel Carter Buy
• Shareholder Activism Reached New Heights In 2014
• Egypt's Global Telecom Locks Up $2.6B Djezzy Sale
• $195M Attys' Fees OK'd In LBO Collusion Settlement
• Goldman Says Subprime CDO Investors Profited In $2B Bets
• CPPIB Pours $411M Into Sydney Toll Tunnel Project
• Caesars Backs Ch. 11 Examiner To Scrutinize Asset Deals
• Merck Says Investor Suits Over Vytorin Study Filed Too Late
• SEC, CFTC Budgets See Hefty Raises Under Obama Plan
• AvalonBay Strikes $300M Deal For American Bible's NYC HQ
• GFI Again Urges Investors To Ignore $778M Hostile Bid