DCT Industrial Trust Inc., a Denver-based real estate investment trust, has acquired a 750,000-square-foot distribution property in California's Central Valley from a division of Transpacific Development Co., the companies said on Thursday.
Fidelity Investments, Actavis PLC's largest investor, has increased its stake in Allergan Inc. and would be in favor of a potential merger between Actavis and Allergan, while Reliance Industries Ltd. seeks $1.2 billion in a sale of its stake in oil and natural gas joint venture Eagle Ford Basin.
In this week's Taxation With Representation, Ireland's Endo International PLC swallows Auxilium Pharmaceuticals Inc. in a $2.6 billion deal, and a Chinese insurer takes the iconic Waldorf Astoria New York hotel off of Hilton Worldwide Holdings Inc.'s hands in a transaction manned by attorneys from Fried Frank, Skadden and Simpson Thacher.
A Florida federal judge on Thursday ruled that an investment manager accused of defrauding investors by contributing millions to now-imprisoned Scott Rothstein's $1.2 billion Ponzi scheme sold unlicensed securities, reversing an earlier decision that it was a question of fact.
The Blackstone Group LP said Friday that it will spin off its financial advisory business, as well as its restructuring and reorganization advisory unit, and merge them with Paul J. Taubman's PJT Partners in a deal guided by Simpson Thacher & Bartlett LLP.
A group of creditors attempting to tap into $539 million in Argentina bond payments to satisfy money judgments against the country said on Thursday that Bank of New York Mellon Corp.'s argument that they cannot do so because Argentina has no interest in the money being held is "baseless."
Shareholders in Darden Restaurants Inc. voted Friday to wipe out all 12 of the company's current directors in favor of a fresh slate handpicked by Starboard Value LP, cementing the activist fund's landmark victory in one of the most contentious proxy fights of the year.
The U.S. Securities and Exchange Commission said Thursday that it is considering establishing a fund from the $602 million settlement of insider trading allegations reached with SAC Capital Advisors LP to satisfy claims by investors who say they were harmed by the fraud.
Fried Frank Harris Shriver & Jacobson LLP has hired a securities and white collar litigation partner from Morvillo Abramowitz Grand Iason & Anello PC in New York, the firm announced Thursday.
The Third Circuit revived a suit Thursday accusing Merrill Lynch Pierce Fenner & Smith Inc. of defrauding private investors through a scheme involving a failed film financing contract, saying Merrill Lynch waived its preclusion defense by litigating some claims in New Mexico and others in Pennsylvania.
A U.S. Securities and Exchange Commission committee on Thursday recommended that the agency’s leadership radically redefine the standards for determining who can invest in offerings such as limited partnerships and private securities transactions.
A Hawaii-based real estate firm has paid $69.6 million for the Fairfield Inn & Suites in Midtown Manhattan, according to property records filed Thursday.
LightSquared Inc. urged a New York bankruptcy judge on Thursday to halt Harbinger Capital Partners LLC’s litigation against the global positioning industry and the federal government, which Harbinger blames for losing a $1.9 billion investment in the wireless venture.
The U.S. Securities and Exchange Commission has found widespread “deficiencies” among broker-dealers that frequently trade microcap stocks, it said on Wednesday.
A recent Second Circuit decision setting out the standard for bringing a Sarbanes-Oxley Act whistleblower suit means that JPMorgan Chase & Co. cannot escape a former worker’s retaliation claims, the court ruled Thursday.
The U.S. Securities and Exchange Commission on Thursday said two E-Trade Financial Corp.-affiliated firms will pay $2.5 million to settle claims they didn’t stop customers from improperly selling unregistered penny-stock shares through their systems, the latest strike against firms that allegedly fail their duties as “gatekeepers.”
A former AXA Equitable Life Insurance Co. agent has agreed to pay the U.S. Securities and Exchange Commission $2 million for allegedly stealing from customers and altering account statements to cover up the theft, according to an order signed Thursday by a Pennsylvania federal judge.
Just days after activist hedge fund Elliot Management Corp.'s latest critique of Riverbed Technology Inc., Riverbed on Thursday revealed that it is reviewing its financial and strategic options, and unveiled a restructuring plan aimed at significantly cutting annual costs.
A New York-based trust company has lodged a protest in the U.S. Tax Court challenging an Internal Revenue Service determination that it owes $7.9 million in back taxes and $1.6 million in penalties stemming from securities and dividends earnings in 2011, saying it wasn't the beneficial owner of those securities.
Model N Inc., a revenue management software provider for pharmaceutical companies, allegedly misled investors by failing to disclose problems with its sales model ahead of its $108 million initial public offering, according to a putative securities class action removed to California federal court on Wednesday.