0 results for 'Bank of New York Mellon'
Morgan Stanley's gamble is too little, too late
NOBODY COULD accuse Morgan Stanley's staffers of ignoring the boss. Late last year, Chief Executive Officer John Mack said he wanted to expand into hedge funds. Now they have delivered. The second-largest U.S. investment bank by market value has just spent almost $1 billion buying stakes in three hedge-fund management firms.Glasscock Applies Step-Transaction Doctrine in Contract Dispute
Delaware Chancery Court Vice Chancellor Sam Glasscock applied the step-transaction doctrine to determine that two disputed transactions did not trigger a merger agreement's acceleration provision. Glasscock is the first vice chancellor to apply the step-transaction doctrine since its use was affirmed by the Delaware Supreme Court in September.Circuit Tells Argentina to Pay Bondholders $1.4 Billion
The decision "affirms a proposition essential to the integrity of the capital markets: borrowers and lenders may, under New York law, negotiate mutually agreeable terms for their transactions, but they will be held to those terms," Judge Barrington Parker wrote for the panel.Argentina Dealt a $1.4 Billion Defeat in U.S. Bond Debt Case
The U.S. Court of Appeals for the Second Circuit gave Argentina's spurned bondholders a $1.4 billion victory Friday in their lengthy legal battle to collect debts unpaid since the country's world-record 2001 default.View more book results for the query "Bank of New York Mellon"
Cite as: Newman v. Family Management Corporation, 08 Civ. 11215, NYLJ 1202474183030, at *1 (SDNY, Decided October 20, 2010)District Judge Leonard B. Sandp
Buffett's firm buys 10M share stake in GM
Warren Buffett's company is apparently bullish on the U.S. auto industry. Berkshire Hathaway Inc. took a new 10-million share stake in General Motors Co. in the first quarter.3rd DCA reverses condo judgment
A split panel of the Third District Court of Appeal reverses a summary judgment granting a third-party purchaser of a foreclosed condo unit relief from overdue assessments.U.S. district judge Jed Rakoff has refused to toss a government lawsuit accusing Bank of America Corp and its subsidiary Countrywide of fraudulently selling defective mortgages to Fannie Mae and Freddie Mac. BofA and Countrywide are being represented by Williams & Connolly and Goodwin Procter respectively.
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