Berkeley Group Holdings Plc, the U.K.’s largest homebuilder by value, will redevelop offices in the City of London financial district into 90 homes, according to documents published on the borough’s planning website.
Citigroup Inc. and the U.S. Securities and Exchange Commission defended their $285 million settlement of claims that the bank misled investors in collateralized debt obligations as a judge questioned whether the deal is in the public interest.
Maan al-Sanea, founder of Saudi Arabia’s Saad Group, must pay damages to competitor Ahmad Hamad Algosaibi & Brothers Co. for conspiracy and breach of fiduciary duty, a judge ruled in the Cayman Islands.
Societe Generale SA, France’s second- biggest bank, won a U.K. lawsuit forcing a unit of Saudi Arabia’s Saad Group to repay a loan of almost $50 million guaranteed by its billionaire founder Maan al-Sanea.
The investment unit of Saad Group, a Saudi company whose businesses range from construction to health care, sued its billionaire founder Maan al-Sanea, one of Saudi Arabia’s richest men, in a U.K. court.
Rupert Murdoch and his son James told U.K. lawmakers that resolution of a phone-hacking scandal at News Corp.’s British unit was delayed because they relied on a clean bill of health from the law firm Harbottle & Lewis LLP.
Berkeley Group Holdings Plc shareholders should reject the real-estate developer’s executive-compensation plan at the company’s Sept. 5 annual meeting, said Pensions Investment Research Consultants Ltd., an investment adviser.