Many of the nontraded real estate investment trusts that are embarking on the required searches for liquidity that come roughly five years after their formation have aggressively been buying up properties since the downturn, and lawyers are helping such REITs make sense of a welcomed set of attractive exit options that is broader than what their peers have seen in recent years.
Some jurors in the insider trading trial of Rengan Rajaratnam said after acquitting the former Galleon Group LLC manager Tuesday that prosecutors offered flimsy evidence and focused too heavily on the defendant's older brother, convicted Galleon founder Raj Rajaratnam.
The Republic of Argentina told the Ninth Circuit on Monday that NML Capital Ltd. is overstating a U.S. Supreme Court ruling allowing discovery for assets held by a foreign sovereign debtor, arguing against a lower court ruling that the country has to pay $1.4 billion to the hedge fund.
An investment adviser accused of fraud after his appearance in Michael Lewis’ book “The Big Short” has asked a U.S. Securities and Exchange Commission judge to drop charges against him, saying the agency has not proved he misled investors in a collateralized debt obligation his firm assembled before the financial crisis.
A New York federal judge won't revive state-law class claims against hedge fund Harbinger Capital Partners LLC over its $3 billion investment in doomed startup LightSquared Inc., saying Tuesday that an exception outlined by the U.S. Supreme Court in February can't redeem the claims.
Troutman Sanders LLP has snagged a former Baker & McKenzie LLP special counsel — who has historically focused on capital markets, transactions, cross-border investments, private equity and mergers and acquisitions — to join the firm's corporate practice at its office in Shanghai.
The Obama administration has come out in support of a ruling that revived a class action claiming Omnicare Inc. artificially inflated its stock price, telling the U.S. Supreme Court that executives can be held responsible for statements made to investors that are later found to be false, even if those opinions were sincerely held.
Valeant Pharmaceuticals International Inc. and Bill Ackman have gone full-throttle in their dogged pursuit of Allergan Inc., but while an official winner has yet to rise from the turbulent $53 billion buyout fight, some victors are already clear: the law firms representing the parties.
The former co-chairmen of Greenberg Traurig LLP's litigation practice in Chicago have disembarked to join DLA Piper as litigation partners, bringing with them experience in white collar, bankruptcy, private equity and acquisition-related disputes.
Barclays is examining a sale of its natural resource-focused private equity unit, while North Star Realty Finance is coming closer to bidding on rival Griffin-American Healthcare REIT II.
As a Fortune 50 company, we have to keep a close eye on a host of legal and regulatory developments. In particular though, we’ve been very actively working with other retailers and retail associations to provide a framework for taxation of pure play "e-tailers" that mirrors that of brick-and-mortar retailers, says Teresa Wynn Roseborough, general counsel of The Home Depot Inc.
Ahead of a sweep exam of so-called alternative mutual funds, the chief of the U.S. Securities and Exchange Commission’s investment management division laid out concerns and recommendations around these products in a recent speech, indicating where examiners will focus as they start inspections.
A New York federal jury on Tuesday acquitted former Galleon Group LLC manager Rengan Rajaratnam of insider trading conspiracy, ending Manhattan U.S. Attorney Preet Bharara's perfect record in stock-tipping cases.
Dechert LLP has snagged two lawyers from London-based firm Olswang LLP and Rotterdam-based firm Loyens & Loeff NV to bolster its financial services and real estate finance practices in two of its European offices.
Chicago-based Longview Asset Management LLC on Monday joined New York hedge fund Jana Partners LLC in pushing for PetSmart Inc. to consider selling itself as the pet products retailer faces increasing pressure to boost shareholder value.
New York hedge fund Standard General LP confirmed in a U.S. Securities and Exchange Commission filing on Tuesday that it's negotiating with American Apparel Inc. about assisting it with a loan, buying its stock and controlling its reorganization as the California-based apparel company finalizes the ouster of controversial founder Dov Charney as CEO.
U.S. District Judge Jed Rakoff’s Monday decision to save foreign investment funds from disgorging earnings from the Bernard L. Madoff fraud rejected an unprecedented attempt to expand U.S. bankruptcy law across borders and ensured that international investors have little to fear from defunct U.S. firms’ liquidating trustees, attorneys say.
With Manhattan U.S. Attorney Preet Bharara in attendance, New York federal prosecutors on Monday made their final appeal to jurors in the trial of former Galleon Group LLC manager Rengan Rajaratnam, seeking to preserve Bharara’s perfect record in insider trading cases.
Tishman Speyer's Hudson Yard tower is expected to cost a $3.2 billion, while Ben Shaoul is said to spend $270 million on two New York towers and Joseph Sitt reportedly buys a World Trade Center-area property for $35.5 million.
A former Soros Fund Management LLC portfolio manager sued the New York-based hedge fund Thursday for almost $20 million claiming Soros fired him without cause and then refused to pay him performance fees and other monies owed under his contract.