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.
News Corp. directors failed to stop illegal conduct at the media company, including phone hacking, and should face lawsuits by shareholders seeking to hold them accountable, a lawyer for investors told a judge.
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.