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Thomson Reuters News & Insight
Dewey to consider bankruptcy filing - source - Thomson Reuters News & Insight
Buyers of distressed debt who have acquired Dewey's debt at a discount on the secondary market are more open to seeing the firm wound down in bankruptcy court rather than out of it, said the person, who requested anonymity because the information was ...
Two top lawyers at Wall Street watchdog departing - Thomson Reuters News & Insight
May 7 (Reuters) - Two top legal advisers at Wall Street's self-watchdog, the Financial Industry Regulatory Authority, are departing, according to people familiar with the matter. Marc Menchel, FINRA's general counsel for regulation and executive vice ...
Conduct commission chose reform over "hand slap" in Gonzalez investigation - Thomson Reuters News & Insight
One longtime court employee, who spoke on the condition of anonymity and who worked before Gonzalez's appointment, said it was natural to post job openings internally, since mid-level and senior staff positions often required a skill set that could ...
Icahn says sues Amylin, urges sale - Thomson Reuters News & Insight
That bid would have valued Amylin at $22 per share, a person familiar with the matter said last week. Amylin shares have risen more than 50 percent since news of the bid surfaced on March 28. "We believe Mr. Icahn's lawsuit is without merit," Amylin ...
Dynegy examiner to negotiate plan-source - Thomson Reuters News & Insight
Judge Cecilia Morris during the hearing in Poughkeepsie, New York, bankruptcy court ordered Kirpalani to work with the groups and set a hearing date of April 4 for the involved parties to report back to her, the source said. A spokeswoman for Dynegy, ...
Exclusive: Culligan weighs restructuring options-sources - Thomson Reuters News & Insight
One option is a possible Chapter 11 bankruptcy filing, as the company struggles under roughly $900 million in loan debt that it has not refinanced, the sources said. The debt matures starting in May. Clayton Dubilier is also considering a sale of the ...
Falcone rejects a LightSquared bankruptcy but problems loom - Thomson Reuters News & Insight
Another way to deal with the GPS issues would be to arrange a spectrum swap with another carrier or company, a person close to LightSquared who is not authorized to speak publicly said. A sale of LightSquared might also be possibility, but it might be ...
Two years of Cyrus Vance: How's he doing? - Thomson Reuters News & Insight
"Everywhere it can be escalated," said one lawyer who asked to remain anonymous, "it has been escalated." In the face of such criticism, Vance and his supporters said he has sought to strike a balance between aggressive criminal prosecution and ...
Two years of Cyrus Vance: How's he doing? - Thomson Reuters News & Insight
"Everywhere it can be escalated," said one lawyer who asked to remain anonymous, "it has been escalated." In the face of such criticism, Vance and his supporters said he has sought to strike a balance between aggressive criminal prosecution and ...
Baupost says it is BofA settlement challenger: source - Thomson Reuters News & Insight
... the Boston-basedhedge fund run by Seth Klarman, told clients Friday that it is "Walnut Place," a group of undisclosed investors who oppose Bank of America Corp's $8.5 billion mortgage bond settlement, according to a person familiar with a memo the ...
US regulators may rework mortgage plan-sources - Thomson Reuters News & Insight
WASHINGTON, Dec 6 (Reuters) - US regulators may revisit a proposed definition of mortgages that would be considered so sound that originators would not be required to maintain a stake in the loan, sources close to the matter say. ...
Insight: Risk, lax oversight riddle MF Global's past - Thomson Reuters News & Insight
Asked to comment on MF Global's record with the CFTC, a former veteran agency official, who declined to be identified by name, said: "The violations reveal a pattern of weakness in MF Global's (internal) supervision as compared to its peers. ...
MF Global creditors' committee taps law firm Dewey - Thomson Reuters News & Insight
Dewey edged out competing firms that made pitches on Wednesday for the chance to represent the committee, said two people who declined to be named because the name of the law firm was not yet public. The five-member committee, which includes JPMorgan ...
MERS subpoenaed by NY, sued by Delaware - Thomson Reuters News & Insight
The subpoena comes amid widespread concern over the maintenance of mortgage documents, and banks' handling of foreclosures and is part of a joint New York-Delaware mortgage probe, the source said. Delaware sued MERS on Thursday, alleging deceptive ...
Screening panel has cleared justices for appeals court vacancies - Thomson Reuters News & Insight
The committee has completed its interviewing for two of the vacancies, and it is likely that Cuomo will announce his choices within the next 30 days for those vacancies, a source said. The two vacancies that are likely to be filled soon are those ...
Crowell lawyer suspected of stealing $2.5 mln arrested in Asia - Thomson Reuters News & Insight
... Sept 21 (Reuters) - Prosecutors in Manhattan are investigating whether a lawyer from the New York office of a prominent law firm stole $2.5 million in client money and fled the country for Hong Kong, according to people familiar with the matter. ...
Exclusive: CFTC insiders blow whistle on position limit rule - Thomson Reuters News & Insight
In an interview, the author of the complaint slipped under the door also declined to be named publicly, but confirmed that the two complaints are from separate people. "The whole way it's progressed has been less than ideal," said this second ...
New York judges to receive 27-percent pay raise - Thomson Reuters News & Insight
Calling the recommendation "generous but objectively reasonable," the legislator, who requested anonymity so as not to alienate colleagues, said the raise's three-year phase-in "is primarily a nod to the state's fiscal situation, but it's also a way to ...
New York courts don't anticipate hurricane closure - Thomson Reuters News & Insight
The officer, who asked not to be identified because he was not authorized to speak for the court system, added, "If the weather is bad and subways shut down, we might get a day off. It'll be a pleasant surprise." Law firms with offices in the ...
Muslim group seeks federal probe of New York police - Thomson Reuters News & Insight
In response to an inquiry about the CIA's dealings with the NYPD, a US government official told Reuters on condition of anonymity: "If anyone is suggesting that CIA is overstepping its legal bounds and spying on Americans, they are just plain wrong. ...
Blogger: Weitz & Luxenberg got $92.5 ml pot for Seroquel clients - Thomson Reuters News & Insight
I also, however, spoke with the Seroquel Lawsuit blogger, who insisted on anonymity. He is not a Weitz & Luxenberg client, he said, but received the purported W&L letter from a Weitz client who e-mailed the blogger that he was "disgusted" with the ...
NY governor signs off on ethics reform bill - Thomson Reuters News & Insight
The measure passed the legislature in June, but Cuomo held off on signing it as he sought to fill appointments on the new Joint Commission on Public Ethics, an administration official said. The joint commission will replace the Commission on Public ...
Books-A-Million in talks on Borders stores-sources - Thomson Reuters News & Insight
Books-A-Million expressed interest in less than 50 of the bookseller's stores, said the sources, who asked to remain anonymous because Borders' sale process is private. It is unclear if Books-A-Million has made an official bid or if the talks will ...
O'Melveny & Myers shakes up leadership plan - Thomson Reuters News & Insight
NEW YORK, June 30 (Reuters) - O'Melveny & Myers is accelerating its chairman succession plan amid the defections of several key partners, sources said. At least 23 partners have left the law firm since the beginning of the year, including three ...
SEC resolves fewer insider trading cases -study - Thomson Reuters News & Insight
The SEC also is investigating David Sokol, a former top Berkshire executive, once widely seen as Buffett's heir apparent, a person familiar with the matter has said. He made a $3 million profit on Lubrizol Corp while having talks with bankers about the ...