Elliott Management may look to usurp Berkshire Hathaway Energy’s $9 billion bid to buy a reorganized Energy Future Holdings, Bain Capital and Cinven are once again getting ready to go after Stada, and the maker of Kind bars is seeking a minority investor.
REIT Prologis is said to have bought a Florida warehouse from American Fruit & Produce for $16 million, a China Vanke venture has reportedly scored a $98.5 million loan for a Long Island City residential and retail project, and an estate in Tahoe, Nevada, is listed for a record $75 million.
A New York appeals court has upheld a decision to block a former Citigroup Global Markets Inc. customer from seeking to enforce a vacated $10.8 million Financial Industry Regulatory Authority arbitration award, which a French court had recognized without knowing it had been vacated.
The federal government has fought a former Stanford Financial Group executive’s attempt to vacate his 20-year prison sentence over his alleged role in Robert Allen Stanford's $7 billion Ponzi scheme, disputing the man’s claims that his trial attorneys botched a proposed plea deal.
Officials at the U.S. Securities and Exchange Commission have made it crystal clear they’re focused on how American markets and firms are preparing for and disclosing cyberattacks, and experts say public companies and regulated firms should brace for a wave of enforcement.
When Yahoo started seriously mulling ways to monetize its Alibaba stake, it turned to longtime adviser Skadden to weigh its options. Although a pretty standard spinoff transaction was initially on the table, tax concerns and activist pressure sent the flagging technology giant back to the drawing board to design a one-of-a-kind divestiture of its core business that ultimately survived two cyberattacks.
The International Organization of Securities Commissions published Friday recommendations for good liquidity risk management for pooled investment scheme in an effort to tackle weaknesses in the asset management sector.
The Second Circuit on Thursday declined to reconsider en banc a recent decision that allowed the trustee of Ponzi schemer Bernie Madoff’s former investment firm to use his preferred valuation method when compensating investors, despite one investor’s pleas that his particular situation be considered on its own.
A compromise years in the making to resolve claims against Lehman Brothers for selling billions of dollars' worth of dud mortgage-backed securities before its collapse by using a court-assisted estimation process was approved by a New York bankruptcy judge Thursday, who hailed the deal as "impressively robust."
A former analyst for Martin Shkreli’s MSMB Capital Management on Thursday told a Brooklyn federal jury about the aftermath of his botched short of Orexigen Therapeutics stock that wrecked the hedge fund, saying Shkreli was left “depressed in a way I had not seen him before.”
The liquidating trustee of investment management firm F-Squared Investment Management LLC filed a complaint Thursday in Delaware bankruptcy court claiming a former CEO was negligent when contracting with a third party for a trading algorithm, seeking damages and the return of more than $30 million in fees and compensation.
FBI agents told a New Jersey federal court Thursday that they can't find all of the emails obtained via a search warrant from accounts belonging to a purported hedge fund owner who stands accused of stealing $4 million from investors and is now seeking to toss his criminal charges over the evidence mishap.
Private equity giant the Blackstone Group LLP said Thursday that it has agreed to purchase International Market Centers Inc., a real estate investment trust that operates showroom space for the furnishings and home decor industries, with guidance from Simpson Thacher & Bartlett LLP.
A financial services group that has sued to block part of the U.S. Department of Labor’s fiduciary rule asked a Minnesota federal judge on Wednesday to give it a quick win after the regulator said in a related case that it would no longer defend the rule’s ban on class action waivers.
An investment adviser who faced criminal and civil charges for defrauding former San Antonio Spurs player Tim Duncan was barred from serving as a corporate officer or director in Georgia federal court Wednesday after he settled with the Securities and Exchange Commission.
Santander is eyeing a possible $5.7 billion real estate asset sale to Blackstone, Apollo or Lone Star; Deka Immobilien is said to be paying roughly $110 million for a Chicago hotel; and an L+M Development venture is said to have scored $161 million in financing for an East Harlem affordable housing project.
A former State Street Global Markets LLC executive accused of charging clients hidden commissions on securities trades asked a federal judge in Boston on Thursday to delay his trial for eight months, saying he didn’t yet have documents crucial to his case.
RAIT Financial Trust said Wednesday that it sold four properties in the second quarter for a total of $73.2 million in proceeds, as the Pennsylvania-based real estate investment trust continues its push to become a pure play commercial real estate lender.
Energy utility Edison International owes workers over $7.75 million for breaching its fiduciary duty under the Employee Retirement Income Security Act by choosing unnecessarily expensive retirement plans, the workers’ attorney told a California judge Monday on the first day of a bench trial following the U.S. Supreme Court’s revival of the suit.
A group of investment funds that bought security-based swaps based on the common stock of American Realty Capital Properties Inc. filed suit Wednesday in New York federal court, alleging securities fraud and common law fraud that resulted in a price meltdown after the company reported its books were cooked.
While the question — considered again in May by the D.C. Circuit — of whether the U.S. Securities and Exchange Commission’s in-house administrative law judges must be constitutionally appointed has split the federal circuits, another issue looms large: Will the administrative process ever be fair? Bridget Moore and Jonathan Shapiro of Baker Botts LLP look at the big picture.
This is the second in a series of articles discussing ideas proposed by the NYU School of Law Civil Jury Project to resuscitate the American jury trial. In this article, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman argue for setting early and strict time limits in civil jury trials.
What led to the Ramapo Local Development Corporation executive director's guilty plea and the Ramapo town supervisor's conviction in the first-ever fraud prosecution over municipal bonds? Let's just say it had a bit to do with ignoring the will of the voters and a little to do with a habitat for rattlesnakes, says Daniel Wenner of Day Pitney LLP.
In its most recent petition advocating mandatory disclosure of litigation finance, the U.S. Chamber of Commerce simply rehashes the same arguments from its previous failed efforts to convince the Committee on Rules of Practice and Procedure of the dire implications of undisclosed funding relationships, say members of IMF Bentham Ltd.
In the second half of their summary of major government investigations affecting corporate executives this spring, attorneys with Miller & Chevalier Chtd. highlight key developments that affect executives beyond the investigation phase, including noteworthy sentencings, judicial rulings, and government policies and guidance.
There’s a lot of sound reasoning behind the idea that asset management M&A is likely to slow in 2017 after several very busy years. But even if the overall dollar volume of deals falls, and the larger and transformative deals taper off, certain types of deals will continue, says Christopher Henry of Lowenstein Sandler LLP.
If we truly believe in providing litigants with a jury of one’s peers, we must adopt strategies to ensure that parties and their representatives have a say in selecting their jury. When only judges participate, the result is a less representative and less fair cross section of the community, say Stephen Susman, Richard Jolly and Roy Futterman of NYU School of Law's Civil Jury Project.
Lawyers faced with clients who can’t or won’t listen to their advice must consider that the core of this risky decision may be a person's inability or refusal to relinquish a prime identity in times of uncertainty, say dispute resolution experts Robert Creo and Selina Shultz.
In the past few months, there has been a considerable upsurge in interest in interval funds by money managers in light of investor demand and appetite for them. Attorneys with Eversheds Sutherland explore why investors and money managers alike may continue to flock to them.
The financial services industry faces the real possibility of a bipartisan effort to reinstate the portions of the Glass-Steagall Act that separated commercial and investment banking. Depending on the final form any new legislation takes, the changes could go further than merely reinstating the status quo as of 1999, say V. Gerard Comizio and Nathan Brownback of Fried Frank Harris Shriver & Jacobson LLP.