A New York federal judge on Tuesday gave final approval to a $3.8 million settlement entered into between Charles Schwab & Co. Inc. and a proposed class of financial consultants claiming they were misclassified and denied overtime.
The Fifth Circuit on Tuesday rejected en banc review of its finding that it did not have jurisdiction over Nuance Communications Inc.'s bid to enforce an arbitration award of zero dollars for investors challenging their returns from Nuance's $45 million merger with Vocada Inc.
New Jersey-based Brach Eichler LLC announced Tuesday it has expanded its footprint on the East Coast with the opening of a Palm Beach, Florida, office that will initially offer services in the firm’s health law and trusts and estates practice groups.
The trustee for five funds that invested in the now-bankrupt Energy Future Holdings Inc.— one of dozens of companies at issue in a class action alleging private equity funds colluded to depress leveraged buyout prices — has objected to a request by the proposed class's attorneys for nearly $200 million in fees in Massachusetts federal court.
The Second Circuit on Monday ordered the liquidator of an offshore Madoff feeder fund, who is seeking to undo the imprudent sale of a $230 million claim against the con man's defunct securities firm, to show why other arguments can't be considered to sink his bid in U.S. courts to undo the deal.
Dutch life sciences, nutrition and materials giant Royal DSM NV said Tuesday that it will be unloading three less profitable business units specializing in, among other things, automotive, aviation and electrical products as it streamlines its portfolio to appease shareholders amid pressure from U.S. activist investor Daniel Loeb to split the company.
A New York judge dismissed a $140 million lawsuit brought by institutional investors accusing the Royal Bank of Canada of using a front to secretly manage a fund and hiding financial problems that led to its collapse, according to a Monday order citing a lack of connection between the parties.
Blackstone Group LP is reportedly close to selling IndCor Properties Inc. to Singaporean fund GIC Pte Ltd. for more than $8 billion, while Acadia Realty Trust is said to have handed over $47.3 million for a pair of Manhattan townhouses with retail space, and Sumitomo Mitsui Trust Group has reportedly struck a new major lease deal in New York City.
Brokerage and trade services provider GFI Group Inc. said Tuesday its board has rejected a $675 million hostile takeover bid from rival BGC Partners Inc. choosing to support a deal with CME Group Inc. that has come under fire from some shareholders.
A group of exchanges facing charges they gave preferential treatment to high-frequency traders fired back against investors in New York federal court Monday, arguing that the allegedly illegal conduct they engage in has been approved by the U.S. Securities and Exchange Commission.
A California federal judge said Tuesday that Allergan Inc. raised “serious questions” about whether Valeant Pharmaceuticals International Inc. and Bill Ackman had violated insider trading rules to lob a joint takeover bid but didn't block the famed activist from voting his sizable stake at a shareholder meeting next month.
Argentina on Monday asked the Second Circuit to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.
LightSquared Inc. unveiled a bankruptcy exit plan with broad consensus from stakeholders Monday that hands control of the wireless venture to Dish Network Corp. chairman Charlie Ergen and extinguishes the ownership stake of Philip Falcone’s Harbinger Capital Partners LLC.
HSBC Holdings PLC said Monday that it has set aside $378 million to cover a potential settlement with British financial regulators over its alleged involvement in a scheme to manipulate the foreign currency market, joining a parade of global financial powerhouses that appear to be gearing up for a deal.
Omnicare Inc. urged the U.S. Supreme Court to reverse a Sixth Circuit ruling that executives can be held responsible for opinions expressed to investors that later turned out false, arguing Monday that a legal standard requiring issuers to prove a "reasonable basis" for statements of opinion would be "cold comfort" to issuers facing potential legal action.
Jurors in federal court in Fort Lauderdale, Florida, on Monday found former UBS AG executive Raoul Weil not guilty of conspiracy to defraud the United States for his alleged role in helping nearly 20,000 U.S. clients hide $20 billion in assets from the Internal Revenue Service.
A division of Goldman Sachs Group Inc. has teamed up with Pacific Retail Capital Partners LLC and Silverpeak Real Estate Partners to purchase a nearly 1.3-million-square-foot retail property in Utah for $205 million, according to a Monday announcement from the buyers and a regulatory filing from seller The Macerich Co.
RCS Capital Corp. has canceled its plan to buy American Realty Capital Properties Inc.'s capital management arm Cole Capital Advisors Inc. for $700 million, it said Monday, as the fallout continues to spread from ARCP's revelations about its recent accounting irregularities.
Low-cost airline Virgin America Inc. is hoping its promise of more leg room will help its stock take off, pricing an initial public offering Monday that seeks up to $368 million to fund growth plans into new markets.
Health care real estate investment trust HCP Inc. has provided £394.5 million ($630 million) for Formation Capital LLC and Safanad Ltd.’s pending acquisition of U.K. nursing facility company NHP and NHP’s management subsidiary, HC-One, HCP said on Monday.