Imprisoned Galleon Group founder Raj Rajaratnam on Friday became the latest insider trading defendant to challenge a judgment in light of the Second Circuit’s decision in U.S. v. Newman, saying the ruling undermines a nearly $93 million U.S. Securities and Exchange Commission sanction imposed against him.
Simon Property Group Inc. on Monday leveled a $16 billion cash-and-stock offer for California-based real estate investment trust Macerich Co., potentially setting up a deal that would bring together two of the biggest shopping mall owners in the U.S.
A New York federal judge on Friday rejected a bid to disqualify Sidley Austin LLP from representing Amerra Capital Management LLC in a contract and antitrust row over a botched seafood joint venture, but said the opinion could not be published immediately.
Dish Network Corp. Chairman Charlie Ergen on Friday asked a New York federal court for leave to appeal an order that excluded certain testimony from an impending trial on LightSquared Inc.’s strategy to emerge from bankruptcy protection, saying the last minute ban has left him sidelined.
The three-year scramble for control of LightSquared Inc. will come to a head on Monday when the wireless startup pushes to exit bankruptcy protection, with billions of dollars in investments riding on the tricky question of how to value a business with a wholly uncertain future.
A New York federal judge on Friday ordered a trial in the Pension Benefit Guaranty Corp.’s $97 million lawsuit accusing billionaire industrialist Ira Rennert’s private equity firm of evading pension liabilities in the bankruptcy of its portfolio company RG Steel LLC.
Brookfield Property Partners LP has scored a £138 million ($207.5 million) loan from Wells Fargo Co. for its recent purchase of an office property in London, Wells Fargo announced on Friday.
Former Goldman Sachs Group Inc. director Rajat Gupta asked a New York federal court on Thursday to vacate his two-year prison sentence and set aside his conviction, arguing that the premise of the government’s case and its jury instructions were rejected in the Second Circuit’s U.S. v. Newman decision.
A New Jersey federal class action claiming a “culture of thievery” inside JPMorgan Chase & Co. led the bank to countenance Bernie Madoff's crimes appears headed for Manhattan, after a magistrate's finding that the New York court has valuable “expertise and familiarity” with the giant Ponzi scheme's facts.
A Minnesota federal judge has pared a shareholder class action against a high-end tile retailer for allegedly misleading investors about the company’s intertwined professional and personal relationships with an exporter and a supplier in China.
A subsidiary of European private equity giant Permira said Friday it would hack down its controlling interest in British annuity provider Just Retirement Group PLC through a stock sale worth $122 million.
With plans to pay down some of its borrowings, real estate investment trust Retail Properties of America Inc. has tapped Goodwin Procter LLP to guide its $250 million public offering of senior unsecured notes underwritten by institutions advised by Hogan Lovells.
Latin America-focused wireless provider NII Holdings Inc. has a new strategy in hand for a harmonious exit from Chapter 11, announcing consensus on Friday with senior bondholders that previously opposed a subordinated creditor faction’s $4.35 billion debt-reduction plan.
The Canada Pension Plan Investment Board has agreed to pay roughly £1.1 billion ($1.96 billion) for the Brandeaux Student Accommodation Fund's U.K. student accommodation portfolio, the companies said Friday, marking CPPIB's first foray into the world of student housing.
Blackstone Group LP is reportedly in talks to buy Chicago's Willis Tower for $1.5 billion, while CBRE Group Inc. is said to be considering the acquisition of Johnson Controls Inc. property management unit, and Fried Frank Harris Shriver & Jacobson LLP’s Manhattan offices may relocate to its client and landlord's new Hudson Yards development project.
National Football League running back Frank Gore has accepted a $1,000 settlement offer from Branch Banking & Trust Co., well under the millions he individually sought in a $53 million suit he and other players brought against the bank for allegedly unauthorized transactions.
Solar Capital Ltd., a Maryland-based investment company, said Thursday in two U.S. Securities and Exchange Commission filings that it will offer $1 billion in common stock and that its debt-buying unit will offer $250 million in stock as it plans to make investments in midsize companies.
Douglas Emmett Inc. said Thursday it has scored at $102 million loan secured by a Hawaii apartment property that the Santa Monica, California-based real estate investment trust recently purchased.
Variant Holding Co. LLC urged a Delaware bankruptcy judge Wednesday to sign off on a deal that would see its nondebtor subsidiaries sell off the bulk of their real estate assets to LRP Property Co. LLC for $275 million, a sum that would cover all of Variant's debts.
Hedge fund NML Capital Ltd. is barred from seizing Argentina’s sovereign interest in two intergovernmental satellite launches, a California federal judge ruled Thursday, saying that making the launches fair game would require a “lexicographical distension.”