The federal government weighed in Friday on the bid of the liquidation trustee for Bernard Madoff's investment group to pursue billions of dollars from HSBC Bank PLC and other banks he alleges facilitated Madoff's Ponzi scheme, urging the U.S. Supreme Court not to take the case.
Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington, who has stewarded bankruptcy proceedings in the most corporation-dense state in the country since October 1993, will retire effective Jan. 1, according to a Tuesday statement from the court.
Allergan Inc. on Tuesday attacked Valeant Pharmaceuticals International Inc.'s management and business strategy, criticism that adds to ongoing discord between the companies and comes just one day before Valeant and activist investor Bill Ackman plan to beef up their $46 billion bid for the Botox maker.
Private equity powerhouse KKR & Co. will snap up Singapore's Goodpack Ltd. in one of the biggest Asian deals so far this year, the companies announced Tuesday.
Fidelity Investments may put $500 million toward a $5.4 billion loan aimed at funding Energy Future Holdings Corp.'s restructuring plan, and Pacific Investment Management Company LLC could provide $1.5 billion in backing, a financial adviser told the Delaware federal judge overseeing Energy Future's bankruptcy proceeding on Sunday.
The U.S. Supreme Court on Tuesday declined to weigh arguments by a pair of disgraced investment managers who claimed federal prosecutors did not have adequate jurisdiction to convict them of duping clients out of millions.
The Link Real Estate Investment Trust said last week that it is set to sell four Hong Kong retail properties for a total of $1.24 billion Hong Kong dollars ($159.9 million), marking the REIT's first asset sale since 2005.
A California man who in 2013 pled guilty to charges that he led an $80 million investment fraud scheme was ordered in California federal court on Thursday to pay the U.S. Securities and Exchange Commission more than $44 million for violating federal securities laws during the scheme.
We are focusing closely on the issue of whether insurance companies should be designated “systemically important financial institutions” under the Dodd-Frank Act. This is one of the most significant issues facing MetLife and the industry as a whole right now, says Ricardo Anzaldua, executive vice president and general counsel of MetLife Inc.
The top brass at bankrupt hedge fund New Stream Capital LLC on Wednesday pled guilty to conspiring to deceive investors by misrepresenting the finance structure of the now-defunct firm.
The Pennsylvania Superior Court on Friday shot down an appeal by a number of law firms and wealth management companies — including the now-defunct Dewey & Leboeuf LLP — that sought to push a lawsuit over an alleged investment scheme into arbitration.
The Federal Energy Regulatory Commission's refusal to drop its market-manipulation case against BP PLC shows that the agency won't back down from its belief that it has broad policing powers over energy markets under its anti-manipulation authority, despite the D.C. Circuit imposing turf limits last year.
A California federal judge on Thursday greenlighted an agreement between the receiver and bankruptcy trustee of Ruderman Capital Partners LLC, a hedge fund bankrupted as part of a former manager's Ponzi scheme, that makes a $25 million claim by the U.S. Securities and Exchange Commission secondary to investor claims.
In a move to combat slowing economic growth, Chinese regulators Thursday tripled the amount of money foreign investors can pump into nonsensitive areas of the closed-off country without requiring formal central government approval.
British private equity firm Apax Partners LLP said Friday it would sell its majority stake in Travelex Holdings Ltd. to a group of investors expanding their interests in the foreign exchange space.
Rani Doyle, a former Securities and Exchange Commission attorney and co-general counsel for Och-Ziff Capital Management Group, has rejoined Morgan Lewis & Bockius LLP in Washington, D.C., as a partner in its business and finance practice, the firm recently announced.
Florida-based Carter Validus Mission Critical REIT Inc. has scooped up a massive data center in suburban Chicago from Ascent Corp. for $211.7 million, the trust’s biggest acquisition to date, according to a Friday statement.
RLJ Lodging Trust bought two hotels for $120 million, including a 256-room Courtyard Portland in Oregon and a 293-room Embassy Suites in Irvine, California, the real estate investment trust announced Friday.
Prosecutors urged a New York federal judge to reject requests by convicted Galleon Group founder Raj Rajaratnam's brother to exclude trial evidence over his alleged role in a scheme to trade on tips from technology industry insiders, saying Wednesday that the evidence is central to the charges.
The second- and third-largest U.S. tobacco companies could merge in a complicated, three-way deal backed by British American Tobacco, while Apax Partners may sell Travelex to the owner of the UAE Exchange for $1.7 billion.