Bank of New York Mellon Corp. yesterday won a U.S. Appeals Court ruling affirming its entitlement to a $312 million lien on the holdings of the bankrupt suburban Chicago cash management firm Sentinel Management Group Inc.
HgCapital Trust Plc fell the most in two years after Oriel Securities and JPMorgan both called the private-equity investment fund’s earnings “disappointing” after writedowns on the value of underperforming businesses.
Financier John P. Calamos Sr . and his Calamos Asset Management Inc. were sued by an investor over claims they needlessly spent $280 million to redeem illiquid auction-rate securities in 2008 and 2009.
SVG Capital Plc, the biggest backer of private equity firm Permira Advisers LLP, said the value of its assets increased 25 percent in the second quarter, boosted by stock price gains for investments including Hugo Boss AG and Galaxy Entertainment Group Ltd.
Allens Arthur Robinson, a 190-year- old Australian law firm, and Linklaters LLP, a London-based firm with 2,200 lawyers, agreed on an alliance to compete internationally with local firms that have grown after combining with foreign ones.