Significantly expanding its reach in several new markets, two of SmartStop Self Storage’s real estate investment trust affiliates have picked up a $145 million property portfolio from DSI Properties Inc, according to a Wednesday announcement.
Simon Property Group Inc. reportedly wants to take over rival Macerich Co., a retail-focused real estate investment trust valued at about $13 billion, while Anschutz Entertainment Group is said to be planning a $500 million L.A. Live hotel expansion and Daimler AG reportedly chose South Carolina for a new auto plant.
U.S. prosecutors and attorneys for former SAC Capital Advisors LP manager Donald Longueuil have asked the Second Circuit to vacate a nearly $1.3 million forfeiture judgment entered in 2011, saying Longueuil likely paid too much in light of a 2012 appeals court ruling.
With plans to repay some of its outstanding debt and possibly make some new acquisitions, Apollo Commercial Real Estate Finance Inc., guided by Clifford Chance LLP, on Thursday launched an approximately $170 million stock offering underwritten by banks represented by Latham & Watkins LLP.
Pomerantz LLP will take the helm on a consolidated group of securities class actions over revelations of rampant corruption at Petroleo Brasileiro SA, working as lead counsel together with lead plaintiff Universities Superannuation Scheme Ltd., according to a short order issued Wednesday by U.S. District Judge Jed S. Rakoff.
A Texas federal judge on Tuesday appointed Bernstein Litowitz Berger & Grossmann LLP and Entwistle & Cappucci LLP as co-lead counsel in a proposed class action alleging Cobalt International Energy Inc. bribed a foreign government and made misleading statements to stock and bond investors, leading to billions in losses.
A New York broker-dealer who pled guilty to running a Ponzi scheme to finance his real estate investments was ordered to pay his alleged victims $3.8 million in restitution in federal court Tuesday.
An Illinois bankruptcy judge on Wednesday refused to dissolve a committee of junior bondholders that is spearheading opposition to Caesars Entertainment Operating Co.’s restructuring, paying no heed to the embattled gaming company’s claim that the committee is “wasteful and unnecessary.”
Willis Tower is reportedly for sale and may already have a buyer, while Google is said to have paid WebMD to move out of a New York space and REIT Essex Property Trust has reportedly paid $67 million for a Northern California apartment development site.
LightSquared Inc. is heading toward another contested trial on a strategy to emerge from bankruptcy protection, but lawyers for its fiercest opponent and largest single creditor, Dish Network Corp. Chairman Charlie Ergen, said they would seek yet more delay to appeal an unfavorable ruling.
A bitter fight between two close friends shredded a deal to take a Serbian-owned steel company private when an iron ore supplier acted as a double agent in dealing with the government to make sure his own companies reaped profits, according to a suit filed Wednesday in Pennsylvania federal court.
An advisory committee to the U.S. Securities and Exchange Commission on issues affecting small public companies urged the agency on Wednesday not to tinker too much with the definition of an accredited investor, lest it squeeze out older individuals, women and minority entrepreneurs from the private securities market.
ZF Friedrichshafen AG's $13.5 billion acquisition of U.S. rival TRW Automotive Holdings Corp. is likely to be approved by the European Union, while Hellman & Friedman and Fortress Investment Group are planning to offer up to $2.6 billion to buy Istituto Centrale delle Banche Popolari Italiane SpA.
The U.S. Securities and Exchange Commission on Wednesday reached a $225,000 settlement with an Irving, Texas-based brokerage firm over allegations that the company failed to properly supervise outside representatives of the firm who misappropriated customer funds, but also granted the firm a conditional waiver to continue selling private securities.
The U.K. government announced Wednesday that it has agreed to sell its 40 percent stake in the Eurostar International Ltd. railway connecting Britain with France and Belgium in a £757.1 million ($1.16 billion) deal with a consortium made up of Caisse de depot et placement du Quebec and Hermes Infrastructure.
A New York federal judge on Tuesday again certified a class of investors accusing PriceWaterhouseCoopers LLP and Citco Group Ltd. of misleading them about the quality of feeder funds involved in Bernie Madoff’s Ponzi scheme after the Second Circuit vacated his previous decision in 2014.
Activist investor Starboard Value LP said on Wednesday that it is pleased by Staples Inc.'s decision to buy rival office supply chain Office Depot Inc., but still thinks the company would benefit from changes to its board of directors.
The Financial Stability Board on Wednesday released a second round of research in its effort to delineate systemically important financial institutions beyond the bank and insurer categories.
Temenos Group AG has agreed to buy fund administration software provider Multifonds from private equity firm Summit Partners for €235 million ($260.23 million), the companies said Wednesday, in a deal designed to bolster the Swiss banking software maker's scale and product offerings.
Bob Evans Farms Inc. said that it will not pursue a spinoff of its packaged foods business refusing to cave to activist investor pressure from Sandell Asset Management Corp., which has been pushing the company for a split, saying it would unlock value for shareholders.