Pantera Capital Management LP, the hedge fund that manages money for Fortress Investment Group LLC executives, invested about $10 million in Bitstamp Ltd. months before the startup emerged as the world’s dominant dollar- Bitcoin exchange, according to three people briefed on the deal.
Michael Simpson arrived at Alpine Meadows at Lake Tahoe earlier this month and found little more than dirt. Except for one ski run maintained by machines, the drought-parched California mountain was devoid of snow.
Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
The U.S. Supreme Court held oral argument yesterday on a dispute arising from the long-completed reorganization of Johns Manville Corp. How the justices rule will determine whether the power of bankruptcy judges will be curtailed in blocking lawsuits against third parties not in bankruptcy.
Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.