Diamond Castle Holdings LLC, the private-equity firm started by a group of executives from Credit Suisse Group AG, is seeking ways to let clients opt out of its last fund raised in 2006, three people with knowledge of the matter said.
Coller Capital Ltd., the British buyer of private-equity assets started by Jeremy Coller, is in talks to acquire Credit Suisse Group AG’s stake in DLJ Merchant Banking Partners, three people with knowledge of the talks said.
Charles Schwab Corp. sued units of Bank of America Corp. ’s Merrill Lynch & Co., UBS AG and Bear Stearns Cos. over claims they lied or omitted information about mortgage-backed securities Schwab bought from them.
Newspaper publisher Tribune Co. filed a Chapter 11 plan yesterday to implement the settlement with some creditors that was announced on April 8. The plan and settlement won’t be approved if the holders of $3.6 billion in pre-bankruptcy secured debt made valid arguments in their bankruptcy court filing yesterday.
Philadelphia Newspapers LLC , the publisher of the Philadelphia Inquirer and Philadelphia Daily News, will be the subject of a June 24 confirmation hearing for approval of the reorganization plan where pre-bankruptcy secured lenders will take ownership.
Hewlett-Packard Co. , accusing Oracle Corp. of harassing its new chief executive officer, refused to accept service of a subpoena requiring Leo Apotheker to testify at a trial over SAP AG’s downloading of Oracle software.