Jane Ong thought she had a good case to sue her accountants in Singapore over asset valuations during a two-decade divorce fight. Short of money, she persuaded a litigation funder -- an investor that pays for a lawsuit in return for a share of the proceeds -- to help.
A former hedge-fund manager who invested about 20 million pounds ($31.3 million) in a Ponzi scheme lost a claim against Royal Bank of Scotland Group Plc’s NatWest unit, which operated accounts used in the fraud.
Kinder Morgan Inc. is preparing to start talks on selling off parts of El Paso Corp.’s oil and gas exploration and production unit in case the pipeline operator can’t find a buyer for the whole division, said people with knowledge of the matter.
India’s Reliance Industries Ltd., Norway’s Statoil ASA and Occidental Petroleum Corp. may be among bidders for El Paso Corp.’s oil and natural-gas unit as the companies seek to expand their stakes in U.S. shale fields.
Kinder Morgan Inc. is counting on finding a buyer for El Paso Corp.’s oil and natural gas production business within six months to help pay off ballooning debt from its $21.1 billion acquisition of the rival pipeline company.
Reliance Industries Ltd. and Apollo Global Management LLC are among companies in talks to buy El Paso Corp.’s oil and natural-gas exploration and production unit, said people with knowledge of the matter.
Rebekah Brooks, the former chief executive officer of News Corp.’s U.K. publishing unit, was arrested a second time by London police as the year old phone- hacking probe turned to a possible cover up, according to a person familiar with the situation.
A former hedge-fund manager sued Royal Bank of Scotland Group Plc’s NatWest unit claiming the bank ignored evidence its accounts were used to conduct what may be one of Britain’s biggest Ponzi schemes, in which he lost about 19.3 million pounds ($30 million).