Search Results for: law
BGC Partners Completes Full Merger with GFI Group
January 13th, 2016
Public Shareholders to Receive $6.10 per GFI Share in Cash BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners,” “BGC,” or the “Company,”) a leading global brokerage company servicing the financial and real estate markets, today announced that it has completed ...
Volkswagen recall plans rejected by US regulators
January 13th, 2016
US regulators have rejected Volkswagen’s recall plan for diesel cars fitted with emissions “cheat” devices. The California Air Resources Board said the proposals did “not adequately address overall impacts on vehicle performance, emissions and safety”. The board also said ...
Britain’s biggest insider trading case is finally going to trial — 6 years since dawn raids
January 12th, 2016
Almost six years after a series of dawn raids shocked the City of London, one of the UK’s biggest ever insider-trading cases is finally going to trial. The case – code named Tabernula, which is Latin for “little tavern” – ...
U.S. Supreme Court rejects former UBS executives’ appeals
January 12th, 2016
The U.S. Supreme Court on Monday declined to hear an appeal filed by three former executives of Swiss global investment bank UBS AG (UBSG.VX) convicted of conspiring to deceive U.S. cities and towns by rigging bids to invest municipal ...
Co-op puts legal business ‘at heart of rebuild’ with first buy-up
January 11th, 2016
The Co-operative Group today announced its first legal acquisition as it refocuses attention on face-to-face services after a troubled start in the sector. The retail giant has bought the Sheffield-based Collective Legal Solution Group for an undisclosed amount. Collective ...
Hedge fund manager barred from managing client money until 2018
January 11th, 2016
Steven A. Cohen Barred From Supervisory Hedge Fund Role SEC Examinations and Independent Consultant Reviews Also Part of Settlement The Securities and Exchange Commission announced that hedge fund manager Steven A. Cohen will be prohibited from supervising funds that manage ...
Spain’s Princess Cristina to go on trial for fraud
January 11th, 2016
Spain’s Princess Cristina is due to appear in court on fraud charges – the first member of the country’s royal family to be put on trial. She is charged with being an accomplice in an alleged embezzlement scam involving ...
Swaps Payout Is a Windfall for Funds
January 11th, 2016
Market participants, lawyers will divide up $1.9 billion settlement Here’s another way some Wall Street debt traders are making money: suing. Several hedge funds and other big credit investors are in line for payouts of tens of millions of ...
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
Slater & Gordon bankers bring in investigative accountants
January 8th, 2016
Slater & Gordon faces further scrutiny after it emerged that the company’s lenders have appointed investigative accountants to take a closer look at its books. The move follows a shock abandonment of its earnings guidance in late 2015 that unnerved shareholders ...
