The U.S. Supreme Court let aggrieved investors in R. Allen Stanford’s $7 billion Ponzi scheme sue outside companies and law firms alleged to have played a role in the fraud, dealing a setback to the securities industry.
General Electric Capital Corp., the financing unit of the world’s 10th-most-valuable publicly traded company, is appointing staff to its structured finance team in Asia, said Eric Lee, a Singapore-based spokesman.
Jane Pierce spent nine years struggling alongside her husband, Todd, as he fought cancer in his sinus cavity. The treatments were working. Then, in July 2009, Todd died in a fiery car crash. He was 46. That was the beginning of a whole new battle for Jane Pierce, this time with Todd’s life insurance company, MetLife Inc.
Billabong International Ltd., Australia’s largest surf-wear company, agreed to give a buyout group including Sycamore Partners LLC access to its financial data after reviewing their A$527 million ($548 million) offer.
Lehman Brothers Holdings Inc. wants to buy a 53 percent stake in Archstone held by Bank of America Corp. and Barclays Plc for $2.6 billion, even if a rival offer is higher, the bankrupt firm told a judge.
Billabong International Ltd. halted its shares from trade before a potential takeover announcement, after the Australian Financial Review reported that director Paul Naude offered A$1.10 a share for the company.
Alumni of Bain & Co., the consulting firm formerly led by Mitt Romney, are squaring off in a A$527 million ($557 million) takeover battle for Billabong International Ltd., Australia’s largest surfwear maker.