Hedge funds and private-equity firms are betting on delinquent home loans being sold by the U.S. Federal Housing Administration as the government agency accelerates debt sales to avert a bailout and stem foreclosures.
New Hampshire voters on Election Day decided that women would represent them best, making their state the first in the U.S. to put female politicians in control of the governor’s office and the entire congressional delegation.
Morrison & Foerster LLP represents Softbank Corp., which agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third- biggest mobile-phone operator seeks growth overseas amid a declining local market. Skadden Arps Slate Meagher & Flom LLP served as lead counsel to Sprint.
Kirkland & Ellis LLP partner Mark Filip and Gibson Dunn & Crutcher LLP’s Joseph Warin led the negotiations with the U.S. government for BP Plc, which reached a $4.5 billion settlement to end criminal charges against the company and resolve securities claims relating to the worst U.S. oil spill, according to court documents.