A federal judge threw out a lawsuit by a British stunt double for actress Angelina Jolie who claimed News Corp. hired private investigators to tap her mobile phone’s voice mail and seek information for news stories.
Greenberg Traurig LLP said yesterday that it has opened an office in Warsaw with a team of more than 50 lawyers formerly with Dewey & LeBoeuf LLP. The firm will operate as Greenberg Traurig Grzesiak in Poland. Jaroslaw Grzesiak, former managing partner of Dewey’s Warsaw office, serves as the managing partner and Lejb Fogelman as the senior partner.
Highland Capital Management LP, the debt manager with about $22 billion in assets under management, and JPMorgan Chase & Co . were sued by a Houston pension plan over claims that willful looting led to the demise of the Highland Crusader Fund.
Ambac Financial Group Inc. fell to the lowest level since its stock began trading again in May as investors try to estimate its vulnerability to Puerto Rico, whose economy contracted 5 percent this year.
Harrisburg, Pennsylvania’s capital, may miss $3.3 million in general-obligation bond payments due Sept. 15 if council members fail to approve a portion of a fiscal rescue plan, according to the mayor’s spokesman.
William B. Lynch, the state- appointed receiver of Pennsylvania’s capital, said “a deal is imminent” with creditors on resolving an incinerator debt burden of about $345 million that has left Harrisburg insolvent.
Harrisburg’s notice of a second general-obligation debt default contrasts the way distressed cities are dealt with in Pennsylvania compared with Rhode Island, according to Matt Fabian of Municipal Market Advisors.
Trading of privately held companies such as Facebook Inc. is likely to surge 51 percent to almost $7 billion this year, drawing new exchanges such as Xpert Financial Inc. and Gate Technologies LLC to vie for commissions.