Charlie Ergen, Dish Network Inc.’s chairman and controlling shareholder, can’t be excluded from the satellite TV company’s bid in LightSquared Inc.’s bankruptcy auction, a Nevada judge ruled in a shareholder lawsuit.
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.
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.
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.
Goldman Sachs Group Inc. was rebuked by Delaware Chancery Court Judge Leo Strine for “incomplete and inadequate” handling of a conflict of interest, less than 14 months after the bank finished examining its business practices.