Kinder Morgan Inc.’s proposed $21.1 billion buyout of rival pipeline operator El Paso Corp. was tainted by Goldman Sachs Group Inc.’s conflicting interests in the deal and should be barred, a lawyer for El Paso investors said.
Billionaire John Malone unfairly used an investment agreement to acquire control of Sirius XM Radio Inc. without paying a takeover premium or allowing investors to vote on the deal, a lawyer for shareholders said.
Safeway Inc., the second-biggest U.S. grocery chain, settled investors’ lawsuits challenging Cerberus Capital Management LP’s $9.2 billion buyout by agreeing to turn over proceeds from future real-estate sales.
Bank of America Corp., JPMorgan Chase & Co. and three other U.S. banks reached a $25 billion settlement with 49 states and the U.S. government to end a probe of abusive foreclosure practices stemming from the collapse of the housing bubble.
Deutsche Boerse AG and NYSE Euronext settled shareholder lawsuits challenging the $9.53 billion buyout of the parent company of the New York Stock Exchange by offering to pay $910 million in dividends earlier this month, court papers show.