Asset Management

  • September 2, 2014

    Brigade-GIC JV Puts $247M Into Indian Residential Projects

    Singapore's sovereign wealth fund GIC Private Ltd. and Indian property developer Brigade Group are investing 15 billion Indian rupees ($247 million) in residential properties in southern India, the companies said Monday.

  • September 2, 2014

    Celera, PwC Hand Over $25M To Exit Investor Class Action

    Celera Corp. and PricewaterhouseCoopers LLP agreed on Friday to pay nearly $25 million to settle a shareholder class action in California federal court claiming Celera made overly optimistic revenue forecasts and covered up billing problems.

  • September 2, 2014

    Cushman & Wakefield Nabs Ex-JLL Capital Markets Pro

    Cushman & Wakefield has nabbed a former Jones Lang LaSalle Inc. broker with more than two decades of experience in investments, acquisitions, wealth funds and real estate investment trusts, to lead its London capital markets practice.

  • September 2, 2014

    Select Income Snags ARCP's Cole Corporate In $3B Deal

    Select Income REIT said Tuesday that it will buy Cole Corporate Income Trust Inc. from American Realty Capital Properties Inc. in a deal valuing the business at about $3.1 billion.

  • September 2, 2014

    Mary Schapiro Fears SEC Money Market Rules Fall Short

    In an exclusive interview with Law360, Mary Schapiro, former chair of both the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, said she regrets not being able to pass tough money market rules while at the SEC, adding that she is "very nervous" that new provisions will do more harm than good.

  • September 2, 2014

    Compuware Agrees To $2.5B Sale After Lengthy Buyer Search

    Compuware Corp. will go private in a $2.5 billion deal with private equity firm Thoma Bravo, the pair said Tuesday, wrapping up a lengthy search for a buyer jump-started by activist investors urging the company to consider a sale.

  • August 29, 2014

    Madoff Trustee Seeks Repleadings In Bankruptcy Suits

    The bankruptcy trustee for Bernard Madoff’s investment fund asked a New York bankruptcy judge on Thursday for time to replead cases against Credit Suisse Group AG and others in light of new standards handed down from the district court.

  • August 29, 2014

    Carlyle Group To Pay $115M To Settle PE Collusion Row

    Carlyle Group LP has agreed to pay about $115 million to settle a long-running proposed class action brought against it and several other private equity firms for allegedly teaming up to depress prices in leveraged buyouts leading up to the financial crisis, according to media reports on Friday.

  • August 29, 2014

    Exxon Ruling Gives Employers More Leeway In Bonus Plans

    The Texas Supreme Court on Friday upheld an Exxon Mobil Corp. plan that stripped a top executive of $5 million in nonvested stock rights when he joined a rival energy firm, paving the way for more employers to use incentive plans to keep top talent in place without running afoul of the state's noncompete laws.

  • August 29, 2014

    Ex-Heartland Exec Beats SEC Insider Trading Suit

    A Wisconsin federal judge dismissed an insider trading case Friday brought against a former investment firm executive, three years after ruling in favor of the Securities and Exchange Commission, on grounds that the agency's arguments before appellate court had not been raised in district court.

  • August 29, 2014

    IPO Filings Soar In Late-August Heat

    Initial public offering activity was back in action this week with at least 12 companies packing into the pipeline, including a slew of biotech firms, a Blackstone Group LP-backed solar energy firm and a real estate investment trust that may make the largest debut of its kind.

  • August 29, 2014

    SEC Judge Shouldn't Delay Steinberg's Industry Ban: Attys

    A U.S. Securities and Exchange Commission judge should waste no time in banning hedge fund manager Michael Steinberg from the securities industry over his insider trading conviction, despite a looming Second Circuit decision that could eventually set him free, enforcement attorneys said this week.

  • August 29, 2014

    ALJ Says SEC Must Cough Up Docs In Wedbush Action

    The administrative law judge overseeing the U.S. Securities and Exchange Commission's case against Wedbush Securities Inc. and two company officials denied the SEC's request to withhold 200,000 pages of documents from the respondents, saying Friday that the argument the documents are irrelevant falls flat.

  • August 29, 2014

    GFI Shareholder Suit Says CME Takeover Undervalues Co.

    Brokerage and trade services provider GFI Group Inc. and futures exchange operator CME Group Inc. were hit with a proposed shareholder class action in a New York court Friday to block CME’s $580 million takeover of GFI, alleging the deal undervalues the company.

  • August 29, 2014

    Banks Say Forex Plaintiffs Have No Proof Of Antitrust Plot

    JPMorgan Chase & Co., Bank of America Corp. and other large banks targeted in the foreign exchange antitrust litigation told a New York federal court on Thursday that the plaintiffs still have not alleged that the banks have manipulated the market.

  • August 29, 2014

    Abercrombie & Fitch Settles Shareholder Suit Over CEO Pay

    Retailer Abercrombie & Fitch Co. on Friday reached a settlement in Ohio federal court with a shareholder who accused company directors including CEO Michael Jeffries of violating their fiduciary duties by failing to link CEO pay with performance and other lapses.

  • August 29, 2014

    Irish Agency Nets €211M In Sale Of 4 Dublin Properties

    Irish Residential Properties REIT PLC is purchasing four Dublin-area residential properties comprising 761 units from the National Asset Management Agency for €211.3 million ($277.7 million), the real estate investment trust announced Friday.

  • August 29, 2014

    ICMA Revises Sovereign Bonds To Avoid Another Argentina

    The International Capital Market Association on Friday issued revised guidelines for sovereign debt securities in order to avoid a repeat of Argentina’s long-running fight with holdout creditors, which led to the country’s second default in 13 years.

  • August 29, 2014

    Dealmakers Q&A: Davis Wright's Sean McCann

    The most impressive transactional professionals I’ve practiced with have a deep understanding of what matters to the parties on the other side of the table, well beyond what may be communicated in a term sheet or markup, says Sean McCann of Davis Wright Tremaine LLP.

  • August 28, 2014

    More Deals Expected This Fall As Economy Pushes M&A Surge

    The surge in mergers and acquisitions activity over the first half of the year is expected to continue into the fall, with more deals expected in the health care and telecommunications sectors, M&A attorneys say.