Hints and tips:
...forces to sue Fox Corp and its board of directors in September for breach of fiduciary duty....
...In legal filings, Fraser’s claims that in “the wake of the Archegos debacle” — which triggered nearly $1bn of losses for Morgan Stanley — the US bank “re-evaluated” the retailer’s derivatives position in...
...Some observers in India compare Samir to News Corp’s Rupert Murdoch in having brought a hard business sensibility to the Times Group’s print business, among other moves introducing “advertorial” content...
...The group of lenders were stuck holding roughly $6.5bn of Citrix debt on their own balance sheets, with the threat their losses could balloon when they move to sell the riskiest portion of the bond financing...
...The FT estimates that, when you combine the derivative deals and the pledging of shares, SoftBank may have in total leveraged more than 80 per cent of its Alibaba holdings....
...Hedge funds and finance industry groups are laying the groundwork for litigation that threatens to jeopardise some of the top priorities for reforming markets following the collapse of Archegos, which are...
...holding companies....
...Russia bond ruling The Credit Derivatives Determinations Committee, a group of banks and asset managers tasked with ruling when a company or country defaults on its debts, will determine whether Moscow’s...
...One thing to start: the biggest US food delivery group DoorDash is preparing to make its first investment in Europe by taking a stake in Gorillas, the fast-growing Berlin-based grocery delivery app....
...Tinder founders, including Sean Rad, three years ago sued IAC Corp and its online dating unit Match Group, alleging that the two companies controlled by the media mogul had cheated the entrepreneurs out...
...American International Group, the insurance company that was a pioneer in the business, has made billions of dollars in profit out of housing tax credits, according to a lawsuit filed in 2017 by several...
...Meanwhile, SB Northstar, the SoftBank unit set up to play the market in listed tech stocks, reported derivative losses of $300m for the quarter, bringing total losses to $5.6bn since July....
...we’re not holding our breath....
...“Many companies I’ve talked to have said that in the past few years people who apply to work for them often do so because they’re a B Corp,” he says....
...“People say we’re the Nasdaq whale, but the [derivatives] only account for 1 per cent of what we hold,” Mr Son said....
...UK electric-vehicle group Arrival merged with Nasdaq-listed CIIG Merger Corp last year, while others including NYSE-listed Avanti Acquisition Corp which raised $600m in October, are searching specifically...
...“People say we’re the Nasdaq whale, but the [derivatives] only account for 1 per cent of what we hold,” said chief executive Masayoshi Son on Monday....
...Brunswick Group has hired Brian Potskowski as a partner focusing on climate issues in its London office. He was previously vice-president for the energy-focused investment group Riverstone Holdings....
...Private equity, restructuring and litigation all surged in concert, a rare occurrence as they often perform well at different points of the cycle....
...months in prison (FT) SoftBank share sales provide derivatives bonanza for banks (IFR) Stonepeak to buy cable provider Astound from TPG in $8.1bn deal (FT) PetSmart scraps debt deal after investor push...
...And if you’re looking at litigation and federal rules, I think the Hokey Pokey is what it’s all about . . . We put rules in, we take rules out.”...
...Then they’re stuck holding it, or have to shift it at deep discounts and take a hit to their balance sheets. That’s the focus of this analysis by DD’s Rob Smith and Kaye Wiggins here....
...Currently holding £435bn. Corp bonds QE has been done before (they hold £10bn) still a potential route if credit mkts do seize up down the line....
...and derivative positions....
...In February, in response to the Delaware Supreme Court’s decision, Zynga’s board set up a “Special Litigation Committee” consisting of two new board members, Janice Roberts and Carol Mills....
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