PropNex Realty Pte. reportedly wants to raise roughly $30 million in a domestic offering, Pengxin International Mining Co.’s talks to buy the Indonesian Martabe gold mine are in an advanced stage, and Corsair Capital is looking to sell Realtime Electronic Payments.
Business planning software provider Adaptive Insights Inc. launched an estimated $115 million initial public offering on Friday, represented by Cooley LLP, adding to the wave of venture-backed technology firms going public this year.
The U.S. Securities and Exchange Commission on Thursday postponed deciding on a New York Stock Exchange proposal to ease listing rules for blank check companies, which are increasingly popular vehicles that conduct initial public offerings strictly to fund acquisitions, saying it needs more time to consider the matter.
Prosecutors have asked a New York federal judge to admit evidence of prior “bad acts” and financial manipulation at a fraud trial against executives of Platinum Partners LP, saying the information is likely to prove they acted intentionally by misrepresenting the value of certain assets held in the company’s investment funds.
A CYS Investments Inc. stockholder filed a putative class action Friday in Massachusetts federal court seeking to block a $1.2 billion sale of the real estate investment trust to Two Harbors Investment Corp., saying the companies hid details about the merger process from investors in violation of the Securities and Exchange Act.
A former Barclays banker accused of conspiring to manipulate a key interest rate told a London court on Friday that she “feels a bit stupid” for not questioning why traders asked her to help them influence rates that would benefit their trading positions.
Three labor unions are suing the U.S. and Puerto Rican governments in an attempt to tear up the island’s federally imposed restructuring process, calling it an unconstitutional deprivation of rights that evokes the “badges and incidents of slavery.”
Companies hoping to avoid U.S. Securities and Exchange Commission investigations by keeping whistleblower complaints in-house must develop a deep enough level of trust with employees that they believe their complaints will be heard and taken seriously and that they won’t face retaliation, legal experts say.
The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency have signed off on the package of proposed changes to the Volcker rule that were unveiled earlier this week by the Federal Reserve.
The Judicial Panel on Multidistrict Litigation seemed unmoved Thursday by a request from investors alleging an unlawful manipulation of the Chicago Board Options Exchange's volatility index to consolidate similar suits in New York rather than Illinois given the number of bench vacancies on Chicago federal court.
Unsecured creditors of Nine West Holdings Inc. filed bankruptcy court papers asking to launch an investigation into Sycamore Partners' 2014 takeover of the women’s shoe and apparel company, suggesting the $2.2 billion transaction may have enriched the private equity firm at the debtors’ expense.
Latham & Watkins LLP steered eight initial public offerings in May, when counting representation of issuers and underwriters, more than any other firm in what was the busiest month for deals since January, and the pace shows no signs of softening in June.
Warren Buffett reportedly tried to invest $3 billion in Uber, Colony NorthStar has abandoned talks to buy a large stake in Emirati private equity firm Abraaj’s fund management unit, and European Medical Center is getting ready for a potential stock market listing.
New York-based financial technology firm Paxos has capped off a round of fundraising intended to expand its operations at $65 million, the company announced Thursday, saying its total capital has now climbed to $93 million.
Construction heavyweight Navillus Tile Inc. has unveiled a Chapter 11 restructuring plan premised almost entirely on winning a pending appeal in the Second Circuit, as the contractor seeks to fend off $176 million in union claims tied to the disastrous district court ruling that pushed Navillus into bankruptcy in the first place.
An Illinois man who went to prison and forfeited several million dollars for a fraudulent foreign exchange trading scheme panned an attempt Wednesday by the U.S. Commodity Futures Trading Commission to pile on an extra $103 million in disgorgement and penalties in a related civil suit, telling an Alabama federal judge the calculations are flawed.
Banks could get some relief from the Volcker rule under a package of proposals unveiled by the Federal Reserve on Wednesday, kicking off the next phase of an interagency effort to pare back a key set of post-crisis restrictions on bank risk-taking that critics warn could threaten financial stability.
A special master appointed in a billing probe found misconduct on the part of the attorneys who led a $300 million class action settlement with State Street Corp. and recommended that a significant chunk of a $75 million fee award be returned, according to details revealed during a contentious hearing Wednesday in a Massachusetts courtroom.
The joint venture seeking to take over Relativity Media LLC sought Wednesday to assuage any fears that the bankrupt film studio’s Chapter 11 case is being run without consideration for other creditors, promising to engage openly with other parties and continue providing funding for the beleaguered company.
One investor backed by Glancy Prongay & Murray LLP is competing with another represented by Levi & Korsinsky LLP in separate bids filed in Massachusetts federal court Tuesday to be named lead plaintiff in a proposed class action accusing a bioscience company of withholding information about the toxicity of its signature muscular dystrophy treatment ahead of its initial public offering.
Despite the powerful incentives to engage in external whistleblowing after Digital Realty, companies should know that their compliance programs can contribute in meaningful ways to whether employees decide to report possible misconduct internally or to the U.S. Securities and Exchange Commission, say attorneys with Paul Hastings LLP.
How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.
One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.
In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.
Not all cryptocurrencies are created equal from an economic standpoint, and understanding their differences has crucial implications on their valuation, say economists Simona Mola and An Wang of Bates White LLC.
Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.
The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission both claim jurisdictional authority over cryptocurrency, yet no new legislation has been passed and very few court decisions have addressed the issue of who, if anyone, has regulatory authority, say attorneys with Morrison Cohen LLP.
The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.
The top securities regulator in Massachusetts recently issued consent orders halting five initial coin offerings, reminding virtual currency market participants that they must be mindful of state regulators as well. This “sweep” is likely only the tip of the iceberg for ICOs in Massachusetts and in other states, say attorneys with Ropes & Gray LLP.
The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.