Mark Lebovitch News
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News Corp.’s directors agreed to a $139 million settlement of investors’ claims that they turned a blind eye to illegal conduct at the media company, including phone hacking by employees.
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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.
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SandRidge Energy Inc. investors persuaded a judge to bar the energy company’s directors from impeding their efforts to replace the board in a proxy fight, according to court filings.
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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.
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J. Crew Group Inc. won court approval of a $16 million settlement that resolves investor lawsuits over the retailer’s buyout by two private-equity firms.
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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.
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Kweku Adoboli, the UBS AG trader arrested in London yesterday, admitted to causing losses while the bank’s risk-control officers were examining his trades, a person with knowledge of the matter said.
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House Republicans have embraced at least one proposal in President Barack Obama’s jobs package: changing the rules to make it easier for closely held companies to raise money without going public.
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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.
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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.
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