Judge Ugo Bellini finds no evidence of fraud nor urgency to deem the issuance of a seizure order. An Italian magistrate has thrown out a request to issue an order to seize nearly Eur1.
Legal & Regulatory
GE Obtains Antitrust Approval for Lufkin Purchase
GE obtains approval from the Federal Trade Commission for its purchase of Lufkin pumps. General Electric Co obtained antitrust approval to purchase oilfield pump manufacturer Lufkin Industries Inc.
OfficeMax Faces Suit on Takeover
OfficeMax faces suit from investor for breach of fiduciary duties. An OfficeMax Inc shareholder has filed suit against the directors of the company as it seeks to stop the takeover by Office Depot Inc.
World's Top Money Manager to Hire more Lawyers
BlackRock, the top money manager of the world, to hire 300 lawyers to monitor financial regulation all over the world.
Dodd Frank Now Becomes Brown Vitter Legislation
Brown Vitter seeks to remove the issues created in the banking world that Dodd Frank started. How the tides have turned. A year ago, the big US banks lobby was focused on the amendment and/or total repeal of the Dodd-Frank financial reform law.
Latest News
The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.
In a move to help local Saudis, unused residential and military lands may be confiscated for that purpose.
Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.
Austria is now in the midst of forging an agreement to provide other EU countries data swaps to crack down on tax evaders.
MBIA engages the law firm of Weil, Gotshal and Manges on ways to avoid rehabilitation of its structured finance business unit.
SEC Chair Jo White is caught between a promise made during her confirmation hearings and the ire of consumer advocates she has sworn to protect.
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
