Blackstone Group LP ’s Timothy Coleman helped Ford Motor Co. avoid bankruptcy and a taxpayer bailout as the automaker eliminated $9.9 billion of debt and negotiated with unions to modify collective-bargaining agreements. Now he’s trying to turn around Kansas.
A judge overseeing the liquidation of WexTrust Capital LLC, whose founders are serving prison terms for fraud, told lawyers he’s “deeply concerned” about the professional fees that have been charged in the case.
Regulation intended to give the U.S. more authority to reshape the financial industry, including how bank holding companies or insurance companies wind down, isn’t likely to do any good, said billionaire investor Wilbur L. Ross , chairman of WL Ross & Co.
Jones Day said it added two new partners, Alejandro Chico and Antonio Gonzalez, to its Mexico City office, marking the fifth new hire for the office this year and bringing the total number of lawyers there to 37.