A Florida federal judge on Monday said he needed more information before allowing video testimony from foreign witnesses, in the criminal trial of a former UBS AG wealth management and banking head accused of helping U.S. taxpayers conceal their assets.
Burger King Worldwide Inc. has dazzled deal watchers this week with its multibillion-dollar plans to merge with Tim Hortons Inc., a transaction that showcases both companies' appeal in a changing marketplace and highlights broader M&A issues. Here, Law360 examines four key takeaways.
Argentina on Tuesday said Bank of New York Mellon Corp. was no longer welcome to operate in the country as hedge funds backed by George Soros and others sued the bank over its blocking of a $539 million bond payment that led to Argentina’s second default in 13 years.
Investment adviser Davis Selected Advisers LP on Monday asked a New York federal court to toss a suit alleging it collected millions of dollars fees that were excessive when compared to the paltry profits for Davis New York Venture Fund shareholders, saying the suit is meritless.
Federal authorities on Tuesday said they arrested a marketing executive at a New York investor relations firm, accusing him of trading on inside information that he gleaned from draft news releases his firm was preparing for clients.
An Ohio man received a five-year prison sentence in Georgia federal court Tuesday for his role in an $80 million Ponzi scheme allegedly targeting former University of Georgia football players and other staff.
Citigroup Global Markets Inc. will pay nearly $2.5 million to settle Financial Industry Regulatory Authority charges that it failed to provide best execution on some 22,000 customer trades and supervise this trading even after being alerted about the alleged problems, FINRA said Tuesday.
Argentina's latest plan to snub the U.S. legal system and pay bondholders outside the reach of U.S. courts faces a difficult path toward implementation, as experts say executing a successful debt swap without the participation of intermediaries restricted by court orders will be exceedingly hard.
The U.S. Government Accountability Office recently reported that a tax credit program that funds developments in low-income communities may allow investors to reap above-market returns, but experts say the report ignores the program's strength and dismiss thoughts that the program is due for an overhaul.
Real estate investment companies Canyon Capital Realty Advisors LLC and Hudson Pacific Properties Inc. have teamed up to fund the first portion of a $140 million senior bridge loan to help finance the acquisition and redevelopment of Downtown Los Angeles' Broadway Trade Center.
Fitness center chain Life Time Fitness Inc. on Monday said it may convert its real estate assets into a real estate investment trust — a move that will usher significant tax benefits if finalized.
Prague-based property firm PointPark Properties is purchasing 627,000 square meters of logistics properties across the Czech Republic for €523 million ($690 million), a deal industrial park developer VGP, one of the sellers, called one of the largest European real estate sales in the past decade.
Certain real estate investment trusts that hold distressed mortgage loans and experience a subsequent value increase in the property securing the mortgage won’t experience a change in assets under guidance released Friday by the Internal Revenue Service.
The real estate investment arm of life insurance giant Manulife Financial Corp. said Monday that it has bought a 146,537-square foot office building near Vancouver, in a move meant to significantly bolster the company's Canadian property portfolio.
Christopher J. Kirkpatrick, a former attorney for the U.S. Chemical Safety and Hazard Investigation Board, has been named secretary of the U.S. Commodity Futures trading Commission, the CFTC announced Monday.
Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman launched a suit Friday in Delaware state court, pushing for the court to compel a special meeting where Allergan Inc. shareholders can vote on a proposed board overhaul, curbing Allergan from striking a hasty deal to stave off a $53 billion hostile takeover from Valeant.
Fox Rothschild LLP has nabbed an attorney from Lovett Bookman Harmon & Marks LLP to serve as partner in its taxation and wealth planning department in Pittsburgh, the firm said on Monday.
A little-known activist on Monday pressed Ann Taylor parent Ann Inc. to sell itself for up to $2.5 billion, adding to the string of retailers targeted by dissident investors as the sector tries to rebound after several slow-going years.
The former CEO and controlling stakeholder of bankrupt card transaction processor Phoenix Payment Systems Inc. took issue Friday with the fee structure for the debtor's proposed investment banker, Raymond James & Associates Inc., arguing a $4 million “success fee” heavily favors a sale instead of the reorganization he supports.
KBS Real Estate Investment Trust II has sold City Place Tower, an office building in West Palm Beach, Florida, for $150 million to an unnamed buyer, the REIT announced Thursday.