The SEC unanimously agreed Wednesday to propose closer oversight of overseas swap dealer affiliates who engage in certain types of securities trading within the U.S., after stopping short of doing so in rules passed last year.
Data storage startup Infinidat Inc. said Wednesday that it has raised another $150 million in its latest funding round led by TPG's venture capital arm, pushing its valuation to $1.2 billion as it looks to expand.
The U.S. Securities and Exchange Commission on Wednesday charged a Santa Barbara, California-based hedge fund advisory firm, two executives and the firm’s auditor for allegedly using its clients’ fees to pay for undisclosed operating expenses.
A split U.S. Securities and Exchange Commission voted 3-2 on Wednesday to propose rules that would require companies to show shareholders a comparison between total executive pay and the company’s performance over the last year, which two commissioners derided as unnecessary.
Enviva Partners LP, a private equity-backed supplier of wood pellets used for power generation, raised $200 million on Wednesday with an initial public offering led by Vinson & Elkins LLP.
A Colorado federal judge Tuesday tossed Harbinger Capital Partners LLC's $1.5 billion racketeering suit accusing Dish Network Corp. of wresting away the hedge fund's control over LightSquared Inc., ruling its claims were too similar to those in a suit in LightSquared's bankruptcy case.
Federal prosecutors charged a former JPMorgan Chase & Co. employee with bank fraud, alleging he stole customer account information and used it to make unauthorized withdrawals, according to New York federal court filings.
A Delaware Chancery judge threw out a derivative case claiming ADT Corp.'s $450 million stock repurchase in 2013 was part of an alleged pump-and-dump scheme by hedge fund Corvex Management LP, ruling Tuesday that the suing shareholder should have brought the claims to the alarm company's board first.
The U.S. Securities and Exchange Commission's investment management division is recommending that financial services firms protect themselves against cybersecurity risks by removing all nonessential software programs, services, usernames and logins from their computer systems, according to an April newsletter.
Carlton Fields Jorden Burt LLP represented a health care-focused private non-traded real estate investment trust in its roughly $117 million purchase of a portfolio of 20 radiation oncology centers, a deal announced Tuesday by broker Marcus & Millichap Inc. and a matter Shumaker Loop & Kendrick LLP worked on as seller’s counsel.
Two senators on Tuesday reintroduced bipartisan legislation to require federal enforcement agencies to account for the true value of any settlement deal, arguing companies had been allowed to quietly take advantage of billions of dollars in tax write-offs and other credits in connection with major settlements.
The U.S. Department of Labor on Friday lobbed a suit against City National Corp. in California federal court alleging that the Los Angeles-based bank and several executives engaged in self-dealing and conflicted transactions involving assets for an employee benefits plan that resulted in $4 million in losses.
The trader who accused Paradigm Capital Management Inc. of retaliating against him after learning he tipped off the U.S. Securities and Exchange Commission about alleged trade violations will receive a $600,000 whistleblower award from the SEC, the agency said Tuesday.
The Carlyle Group, represented by Skadden Arps Slate Meagher & Flom LLP, announced Monday that it has invested in Brazilian hospital operator Rede D'Or Sao Luiz, which was counseled on the matter by Kirkland & Ellis LLP.
Local officials floated a financial recovery plan for Wayne County, Michigan, on Monday to eliminate retiree health care for county workers while tackling a $52 million structural deficit that threatens to tip the municipality, home to the city of Detroit, into insolvency.
The Ninth Circuit on Tuesday voted 2-1 not to revisit its decision to revive a proposed class action accusing Schwab Investments of making risky bets on collateralized mortgage obligations despite policies outlined in investment guidelines.
With proxy season already underway, activist shareholders are out in full force attempting to enact change where they feel it is necessary at the companies they've invested in. Here, Law360 highlights five developing or upcoming proxy battles worth keeping an eye on.
A top conference for futures and derivatives attorneys and compliance officers scheduled to begin this week in Baltimore was cancelled on Tuesday due to the rioting and government crackdowns that have followed the death of a man in police custody.
TIAA-CREF is paying $454 million for a 12.5 percent stake in a 2.2 million-square-foot Hawaii mall from General Growth Properties Inc. as General Growth continues to reduce its stake in the property, according to announcements and earnings reports Monday from the two companies.
Commodities futures investors who say PricewaterhouseCoopers LLP bears liability for failing to install controls that would have kept MF Global Inc. brass from looting customer accounts found some sympathy in the Second Circuit Tuesday, but the accounting firm had powerful precedent on its side in a close appeal.