Seton Hall University School Of Law News
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Hedge funds Perry Capital LLC and Solus Alternative Asset Management LP are fighting over whether they had a contract when they agreed to trade $195 million of claims on Bernard Madoff’s bankrupt firm, amid rising prices on the claims.
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Barclays Plc has won as much as $5.5 billion from the liquidator of Lehman Brothers Holdings Inc.’s brokerage since buying the defunct investment bank’s North American business more than three years ago.
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Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again with a judge poised to rule whether racketeering counts allowing triple damages should be tossed.
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Prudential Plc, the U.K.’s biggest insurer, agreed to buy a life insurance unit from Swiss Re AG for 398 million pounds ($621 million) in cash to expand in the U.S.
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Author Michael Lewis was sued by Wing Chau, president and principal of Harding Advisory LLC, who accused the writer of defaming him in his 2010 book “ The Big Short: Inside the Doomsday Machine .”
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Irving Picard and other advisers to the Bernard L. Madoff estate received $318.4 million in fees and expenses through March.
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New Jersey’s Supreme Court ruled that the lender must be named in documents indicating a bank’s intention to foreclose on a mortgage before a residential property can be seized.
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The Los Angeles Dodgers, which asked at least seven lenders for money before filing for bankruptcy today, will pay 10 percent interest on a loan from JPMorgan Chase & Co.’s Highbridge Capital Management LLC, plus fees.
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Citigroup Inc. failed yesterday to win a judge’s approval to pay $75 million to settle with the U.S. Securities and Exchange Commission over claims the bank misled investors by understating subprime-related holdings.
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President Barack Obama signaled readiness for a brawling election campaign by bypassing the U.S. Senate on high-profile appointments after disappointing supporters for not taking a stronger stance against Republicans.
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