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Entries tagged "law suit"Who are the ratings agencies in bed with?The more that is revealed about just how cozy the banks and the ratings agency were, the more far-reaching the case against UBS is going to get. The Pirate Bay deal may sinkLooks as though Global Gaming Factory X's $7.8 million acquisition of lawsuit magnet The Pirate Bay is walking the plank. Hiring: Bankers jump to JefferiesMidsized investment bank Jefferies Group is aggressively hiring senior bankers from larger rivals. Patriarch's Tilton talks Polaroid on CNBCPatriarch Partners founder Lynn Tilton tells CNBC she will continue to fight for Polaroid after losing the bankruptcy auction despite a higher bid. Facebook's valuation at $3.7B, not $15BIn a simple bit of electronic detective work, the AP discovered that Facebook thinks it's worth $3.7 billion, way lower than the $15 billion that Microsoft's investment suggested to some. The search for good and evil in the Lehman prosecutionIf you didn't think the coming prosecutions on Wall Street would delve into some very weird territory, Wednesday's story in The Wall Street Journal effectively dispelled that. The Journal is reporting that a scrum of federal prosecutors chasing a pack of former Lehman Brothers Holdings Inc. execs may ask analysts whether Lehmanites did, or did not lie about the condition of that now-vaporized firm. For those of you with a still-functioning memory, this creates a little frisson of irony. Wasn't it just yesterday that analysts were the biggest liars, dissemblers, sophists this side of Enron? Wasn't it just a few... Breaking: Hexion-Huntsman would be an insolvent comboHexion Specialty Chemicals Inc. CEO Craig Morrison pulled no punches when he testified as the first witness in the case Huntsman Corp. brought against his company saying Hexion and Huntsman would have "a capital structure that's insolvent, that doesn't work." Huntsman filed suit against rival Columbus, Ohio-based Hexion, which is seeking to walk from its $10.3 billion agreement to acquire rival specialty chemical maker Huntsman. The trial is scheduled to run for six days before Vice Chancellor Stephen Lamb of the Delaware Court of Chancery. ... Setting the record straight on Asarco decisionIn news circles, there's always pressure to be the first to break a story. But isn't it always better to get the story straight? Witness this week's news on bankrupt Asarco LLC and a federal judge's decision that its parent, Grupo Mexico SAB de CV, committed fraud in a $785 million prepetition sale. ... After pulling exit financing, hedge funds go after Delphi for $82M feeThe hedge funds that pulled out of providing Delphi Corp. with $2.55 billion in financing to emerge from Chapter 11 now want the auto parts maker to ante up an $82 million fee plus their expenses, according to a report in The Wall Street Journal. ... Ex-assistant pleads guilt to stealing from Caxton-Iseman Capital's founderThe former personal assistant of private equity pro Frederick Iseman is pleading guilt to stealing over $45,000 from her ex-boss, who she's currently suing for harassment.... The surreal crisis: Merrill, Nutmegs and mark-to-marketThe most salient characteristic of the current crisis -- "current" meaning for an entire year by now -- is its surrealism. That surrealism, in turn, is driven by the continuing belief that mark-to-market accounting, once spread widely enough, can finally clear away the obscurities and the opacities, and give us truth, value, a bottom, a solid place to rebuild. Eh, maybe. Maybe it's still too early, but the headlines continue to emphasize not solidity and value, but a shifting phantasmagoria. It's like the '60s all over again. Now, of course, some of this arises from the fact that the... Lone Star's other storyLone Star Funds rode to Merrill Lynch & Co.'s rescue this week, agreeing to pay $6.7 billion for its shaky mortgage securities and garnering attention as one of the few brave buyers in the global credit crunch. In Seoul, meanwhile, Lone Star is mired in a very different story as it soldiers on its three-year attempt to sell Korea Exchange Bank. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "law suit." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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