Asset Management

  • August 22, 2014

    3 Companies Join IPO Pipeline As Others Take A Step Back

    Three companies — an asset manager, a blank check company and a private equity-backed automotive coatings business — filed for initial public offerings this week, while a grocery chain withdrew its plans and an insurance policy holder and a biotech firm again delayed their debuts as a slow August winds down.

  • August 22, 2014

    RE Rumor Mill: Sabana REIT, Kiely Realty Group

    Sabana Shari'ah Compliant Real Estate Investment Trust is reportedly buying a Singapore property for $40 million, while Kiely Realty Group is said to be continuing exclusive discussions with Fort Monmouth regarding a property it wants to buy.

  • August 22, 2014

    Ex-Barclays Rep Fires Back At SEC Over 'Parking' Charge

    Attorneys for a former Barclays Capital Inc. bond trader accused of a fraudulent “parking” scheme sought to poke holes Thursday in the U.S. Securities and Exchange Commission's case against their client, saying enforcement attorneys failed to prove he willfully broke any laws.

  • August 22, 2014

    PE Plaintiffs Hit Back At Carlyle In Antitrust Expert Row

    Plaintiffs accusing the Carlyle Group LP of anti-competitively colluding with other private equity giants argued Thursday that the firm was trying to change its tune about why certain expert testimony should be excluded from an upcoming trial.

  • August 22, 2014

    Rep. Urges SEC To Appeal DC Circuit On Stanford Ponzi Relief

    A Louisiana congressman, whose constituents include victims of Robert Allen Stanford, has urged the U.S. Securities and Exchange Commission to fight a recent D.C. Circuit ruling that said many investors in the $7 billion Ponzi scheme are not entitled to Securities Investor Protection Corp. relief.

  • August 22, 2014

    CFTC Orders NY Firm, Execs To Pay $3M In Metals Trades

    The U.S. Commodity Futures Trading Commission has ordered a New York state-based telemarketing firm and its two owners to pay back customers nearly $3 million to settle claims they violated a provision of the Dodd-Frank Act that bars off-exchange, financed transactions in precious metals with retail customers.

  • August 22, 2014

    Energy Co. Loses Damages Appeal In Microcap Fraud Suit

    An oil and gas company can't recover damages from a broker-dealer and an individual it alleged were involved in a microcap stock manipulation scheme that caused it to lose $7 million, a California appeals court ruled Friday, upholding a lower court's ruling axing a jury verdict in the case.

  • August 22, 2014

    Valeant, Ackman Request Allergan Special Meeting

    Activist investor Bill Ackman on Friday requested a special meeting where Allergan Inc. shareholders can vote on a proposed board overhaul, a potentially game-changing step as he tries to back the reluctant company into a $53 billion takeover by Valeant Pharmaceuticals International Inc.

  • August 22, 2014

    Madoff Judge Denies Benefit Plan Investors' SIPA Claims

    A New York bankruptcy judge ruled Friday that more than 300 individual investors who funneled money into Bernard L. Madoff's Ponzi scheme indirectly through Employee Retirement Income Security Act plans were not "customers" of Madoff’s firm and are not entitled to recoveries from the Securities Investor Protection Corp.

  • August 22, 2014

    Argentina Blasts Bond Judge's Remarks As Imperialist

    Argentina’s government on Friday accused the New York federal judge overseeing its sovereign debt dispute with hedge funds of making imperialist comments against the nation, after it unveiled a plan to evade U.S. jurisdiction over its government bonds.

  • August 22, 2014

    LSE Looks To Raise £938M To Back Frank Russell Deal

    The London Stock Exchange Group said Friday that it plans to raise £938 million ($1.56 billion) in a rights issue to back its $2.7 billion acquisition of U.S.-based Frank Russell Co., the owner of the global asset manager and stock index unit Russell Investments.

  • August 22, 2014

    Tishman Speyer Acquires Murdock Plaza In Los Angeles

    Tishman Speyer Properties LP has acquired the prominent Los Angeles office tower Murdock Plaza at 10900 Wilshire Blvd. for an undisclosed amount, the New York-based real estate development and asset management firm said Thursday.

  • August 22, 2014

    Proxy Play Intensifies Bramson's Run At Electra

    Britain's Electra Private Equity PLC said Friday it is staring down a proxy contest with Edward Bramson after it previously rejected the activist investor's request for three board seats and a role in the firm's strategic review.

  • August 21, 2014

    Allergan Suit May Not Stop Meeting To Replace Board

    A California federal judge refused to fast-track Allergan Inc’s insider trading suit against Valeant Pharmaceuticals International Inc. as it attempts a hostile takeover of Allergan, ruling Thursday that a special board meeting won't necessarily be put on hold during litigation.

  • August 21, 2014

    Halliburton Investor Asks To Depose Cheney, Citing His Health

    The plaintiff in a securities class action against Halliburton Co. involving asbestos litigation liability on Thursday asked a Texas federal judge to permit deposition of former CEO Dick Cheney, despite discovery in the case being stayed, saying Cheney's heart could render him unavailable later.

  • August 21, 2014

    RE Rumor Mill: Infinity And Nightingale, Lone Star, Hornig

    Infinity Real Estate and Nightingale have reportedly bought a Brooklyn mixed-used building and development site for $79 million, while Lone Star is said to be bringing in $1.25 billion with the sale of a Japan complex and Hornig Capital is said to buy a Brooklyn warehouse for $36 million.

  • August 21, 2014

    Ex-CFTC Commish Joins Speed Traders He Once Derided

    DLA Piper senior policy adviser and former U.S. Commodity Futures Trading Commissioner Bart Chilton, who derided high-frequency traders as "cheetahs" during his time at the CFTC, has been enlisted to advise a high-frequency trading advocacy group, the group said Thursday.

  • August 21, 2014

    Fla. Rep. Nabs $704M In Damages Over Derivium Stock Scheme

    A South Carolina federal judge on Wednesday awarded Florida Congressman Alan M. Grayson more than $704 million in default judgments and treble damages in three long-running suits against perpetrators of the defunct Derivium Capital LLC’s “90 percent stock loans” alleged Ponzi scheme that bilked investors out of $1 billion.

  • August 21, 2014

    Clarion Partners Pays Ares $107M For SF Office Building

    Clarion Partners LLC has picked up a 155,000-square-foot office building in San Francisco from funds managed by Los Angeles-based private equity giant Ares Management LP for $107 million, Clarion announced Thursday.

  • August 21, 2014

    Morgan Stanley's $4.2M Deal In OT Class Action Gets Nod

    A New York federal judge on Thursday preliminarily approved the $4.2 million settlement Morgan Stanley & Co. LLC has agreed to pay to end a collective action accusing the financial services company of failing to pay overtime to client services associates.