Whittier Trust Co. and fund manager Victor Dosti agreed to pay around US$1.68 million to settle the civil regulatory case filed against them.
Legal & Regulatory
Indian Communications Minister to Meet with Telecom Firms to End Lawsuits
Kapil Siba, Indian Communications Minister, has called to meet different telecom companies to end lawsuits after a decrease in overseas investment transpired in the country.
Royalty Pharma Urges NY Federal Court to Proceed With Elan Bid
Royalty Pharma urged the federal court in New York to lift the temporary restraining order it has ordered for the Royalty-Elan bid.
Legal Issues To Confront Smithfield-Shuanghui Deal in Midwest States
The deal between Smithfield Foods and Shuanghui International may face legal challenges as Midwest states prohibits foreign ownership over agricultural lands.
Court rules against Bloomberg on Futures Margins
A US Court dismisses the complaint of Bloomberg filed against the Commodity Futures Trading Commission.
Latest News
US Bankruptcy Court Judge, Christopher Sontchi granted planned acquisition deal without legal challenge between Micron Technologies Inc. and Elpida Memory Inc.
The Federal Communications Commission through its website announces no objection with the SoftBank offered bid of US$20.1 billion to acquire Sprint Nextel.
China's Securities Regulatory Commission became stricter as its new Chairman, Xiao Gang aims to tackle fraud crack down to protect investors.
China's regulatory watchdog has unveiled new IPO rules. Last Friday, the Chinese government had published new draft rules designed to improve the transparency and pricing structure of initial public offers in its domestic stock markets.
Walmart and Tesco are restricted to acquire existing Indian retailers because of the new policy set by the Indian government stating foreign companies should start from scratch.
Royalty Pharma's bid was threatened to be dismissed after the takeover panel released rulings that the US based company could no longer revise the terms on its proposed deal.
JPMorgan Chase & Co. (JPM) loses its challenge to the cost-recovery plan that the California grid operator requires as set by the Federal Energy Regulatory Commission (FERC).
Vietnam is looking for expansion in its stock market from foreign investors after restrictions on foreign ownership limit is considered by its government.
Jefferson County finally reached settlement for its debts with seven hedge funds including JPMorgan Chase & Co.
