Results for United States
- U.S. Supreme Court Sets High Bar for Section 11 Securities Claims Based on Statements of Belief or Opinion
Continuing its trend of issuing important decisions that define the scope of private actions under the securities laws, the U.S. Supreme Court recently issued its decision in Omnicare, Inc. v. Laborers District Council Construction Industry Pension Fund, ...
Resource Article - abi_admin - 05/28/2015 - 08:25 - 0 comments - 0 attachments
- Liquidators of Ex-Harvard QB’s Funds Sue Barclays for $80 Million
The liquidators of a pair of failed Cayman Islands-based hedge funds run by a former Harvard quarterback are suing Barclays PLC to claw back some $80 million they say was illegally funneled to the bank to cover margin calls, The Wall Street Journal r ...
Daily Headline - global.abi.org - 05/27/2015 - 22:57 - 0 comments
- Itaú-led Group Sues Brazil's Schahin For $371 Million In Overdue Loans
Thirteen Brazilian and international banks filed a lawsuit in New York on Tuesday against two units of ailing engineering and oil conglomerate Grupo Schahin to recover $371 million in overdue principal and interest on loans, Reuters reported. The lawsuit ...
Daily Headline - global.abi.org - 05/13/2015 - 22:30 - 0 comments
- Judges Craft Their Own Formula For Nortel's $7.3 Billion In Cash
The Canadian and U.S. judges charged with dividing the $7.3 billion from the liquidation of Nortel Networks rejected proposals from former regional businesses and opted for a pro rata split of the money in long-awaited rulings on Tuesday, Reuters reporte ...
Daily Headline - global.abi.org - 05/12/2015 - 20:57 - 0 comments
- U.S. Steel Creditor Protection Extended To Fall
U.S. Steel was able to extend its creditor protection deadline to the fall, although previous court filings suggest the restructuring will go beyond the new September deadline, CBC.ca reported. This is the third extension of U.S. Steel Canada's (USS ...
Daily Headline - global.abi.org - 05/07/2015 - 22:41 - 0 comments
- Auto Contracts At Risk If Creditor Claim Isn’t Approved, U.S. Steel Says
U.S. Steel has issued a thinly veiled threat to shut down parts of its Canadian operations if its claim to be owed $2.2 billion by its struggling Canadian arm is not allowed, The Hamilton Spectator reported. In court documents filed this week, the co ...
Daily Headline - global.abi.org - 05/05/2015 - 21:50 - 0 comments
- Barclays Wins $4 Billion Lehman Clash as Court Spurns Appeal
Barclays Plc is entitled to $4 billion in assets stemming from the Lehman Brothers Holdings Inc. collapse, as the U.S. Supreme Court rejected an appeal from the bankruptcy trustee for the firm’s brokerage business, Bloomberg News reported. The justices l ...
Daily Headline - global.abi.org - 05/04/2015 - 21:13 - 0 comments
- Espírito Santo Insolvency Receivers Put Art, Buildings Up for Sale
Art work and office buildings are being sold by bankruptcy receivers for the Espirito Santo group of companies that collapsed last year amid fraud allegations, The Wall Street Journal reported. The 36-story Espírito Santo Plaza in Miami went on the b ...
Daily Headline - global.abi.org - 04/16/2015 - 22:03 - 0 comments
- Rizzo Bottiglieri-De Carlini Armatori Files Chapter 15
Rizzo Bottiglieri de Carlini Armatori SpA, a marine freight transportation services provider, moved to shield its U.S. assets by filing a bankruptcy petition in Texas after seeking protection from creditors in Italy, Bloomberg News reported. The company ...
Daily Headline - global.abi.org - 04/08/2015 - 22:39 - 0 comments
- Kirkland M&A Update: "Crossing State Lines Again – Appraisal Rights Outside of Delaware"
Although once an afterthought on the M&A landscape, in recent years appraisal rights have become a prominent topic of discussion among dealmakers. In an earlier M&A Update we discussed a number of factors driving the recent uptick in shareholders ...
Resource Article - twallace@abiwor... - 04/06/2015 - 09:50 - 0 comments - 0 attachments