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Entries tagged "lawsuits"BofA's saga over Merrill bonuses continuesBank of America defended in a court filing its decision not to disclose details about Merrill's bonuses in advance of a shareholder vote on the merger. WaMu zombie sues J.P. MorganWashington Mutual Inc. is suing J.P. Morgan Chase & Co. (NYSE:JPM) to try to recover $4 billion in deposits. California pensions to vote against BofA boardCalSTRS says it's voting its 23.3 million shares against Ken Lewis and the entire board. Video: Litigation during Radnor's bankruptcyJosef Athanas of Latham & Watkins LLP spoke about the litigation between Tennenbaum Capital Partners and lenders during Radnor Holdings Corp.'s bankruptcy process. BofA post-merger blues include Countrywide lawsuitsWhen Bank of America Corp. acquired Countrywide Financial Corp., it hopefully budgeted for legal expenses to contend with lawsuits from former customers. That legal bill is getting bigger since four states, including most recently Connecticut, have sued the lender alleging Countrywide misled borrowers into taking on risky loans that they couldn't afford. ... Anheuser-Busch shareholders file suitsAs if executives at Anheuser-Busch Cos. aren't stressed enough, shareholders for the company have reportedly filed lawsuits seeking to push the St. Louis beermaker into fairly considering the $46.3 billion takeover bid from Leuven, Belgium, rival InBev SA, Reuters reported Tuesday, citing court documents. On June 27, Anheuser-Busch, the maker of Budweiser and Bud Light beers, rejected InBev's unsolicited offer and instead unveiled plans to cut $1 billion in costs and boost earnings, hoping to convince its investors that InBev's offer fell short. ... Bankruptcy Update: Frontier, Torrent, Dorado and moreHere are some of the latest bankruptcy stories our reporters have been covering Wednesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Judge clears Frontier severance dealA severance deal for managers of Denver-based Frontier Airlines Holding Inc. has been approved after quelling objections from the U.S. trustee that the agreement violated the bankruptcy code. - Carolyn Okomo W.R. Grace settles asbestos claim A $250 million settlement has been approved between W.R. Grace & Co. and the U.S. Department of Justice and the U.S. Environmental Protection Agency.The Columbia, Md.-based chemicals manufacturer has... Bear Stearns shareholders drop restraining orderBear Stearns Cos. shareholders suing over the planned J.P. Morgan Chase & Co. takeover have withdrawn a request for a preliminary injunction to stop the deal and will sue for damages instead. ... Wall Street's villains: Cayne, GreenbergAre Jimmy Cayne (near right) and Hank Greenberg (far right) now officially the most hated men on Wall Street? The pair led two of the most prestigious American financial services companies (Bear Stearns Cos. and American International Group Inc., respectively) but some might say -- as lawsuits contend -- that they didn't act in the best interest of shareholders. ... Bear Stearns shareholders file suitInvestors in Bear Stearns Cos. have requested a restraining order to block J.P. Morgan Chase & Co.'s takeover. Wayne County Employees Retirement System of Michigan, the Police and Fire Retirement System of Detroit and the Greek Orthodox Archdiocese Foundation of New York have filed complaints so far.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "lawsuits." 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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