Hints and tips:
...The 2 per cent premium for such a bond would force the Trump entities to pay $18.5mn upfront to an underwriter, the filing added....
...To protect themselves, underwriters will often ask for collateral that exceeds the amount of the judgment itself. They also charge an upfront fee of 1-3 per cent....
...It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...In addition to the government investigations in SVB, Goldman is among the underwriters named as defendants in a class-action lawsuit filed by investors who alleged that several stock and debt offerings by...
...The case names 35 insurers and reinsurers as defendants, including one consortium of war-risk insurers operating in the Lloyd’s of London insurance market and 19 syndicates of Lloyd’s underwriters....
...The suit alleges Missfresh misled investors with fake revenue numbers in its IPO prospectus and names banks who brought the company to market, like JPMorgan and Citigroup, as co-defendants....
...Who are the top three underwriters of US IPOs this year, according to Bloomberg’s league tables?...
...Big awards have a trickle-down effect, putting upwards pressure on smaller settlements, underwriters say....
...Lawyers for the defendants attributed the decline to a technical glitch on Nasdaq, Facebook’s listing exchange, that created a chaotic opening for the shares and lingering uncertainty....
...This week Goldman said it had been named as a defendant in “several” putative class actions alleging misstatements and omissions in offering documents....
...Mark Zuckerberg, Facebook chief executive, and Sheryl Sandberg, Facebook chief operating officer, are among the defendants at Facebook, being sued by two classes of investors — retail and institutional....
...In agreeing to pay $64.5m to settle the case — which Mr Corzine had tried to have dismissed in 2013 — the defendants denied any wrongdoing....
...RBS was an underwriter on some of the securities at question in this case but it is due to fight a separate case, with a much larger potential pricetag, in a separate court....
...Deutsche Bank is also being pursued by the FHFA as an underwriter on separate MBS deals on which Société Générale and Countrywide were the lead sponsors....
...Critics complain insurance law allows underwriters to avoid paying claims for tenuous reasons – not just for D&O policies, but for all sorts of corporate coverage....
...“If applied to some of the defendants with the biggest exposure, such as Bank of America, JPMorgan Chase and Royal Bank of Scotland, their final bill would be more than $7bn each.”...
...Credit Suisse, JP Morgan, and BAML will be lead underwriters, the sources said....
...He speaks on behalf of a diverse group of co-defendants....
...Regulatory settlements do not shelter defendants from class-action payouts....
...All Leisure, the cruise line operator, has won a £2m claim against four underwriters of an insurance policy after they refused to pay out on claims made by passengers of a cruise ship which All Leisure bought...
...JPMorgan was a defendant in the class action as an underwriter, but not as the owner of WaMu’s banking operations....
...Mr Ferguson and a team that included defendants Elizabeth Monrad, former chief financial officer of Gen Re, Chris Garand, a chief underwriter of Gen Re’s finite reinsurance operations, and Robert Graham,...
...Among the defendants were Richard Fuld, Lehman’s long-time chief executive; former finance chiefs Christopher O’Meara and Erin Callan; and several investment banks that served as underwriters on the bond...
...The California Public Employees’ Retirement System this week filed a claim against officers, directors and underwriters for Lehman Brothers alleging that materially false and misleading statements were made...
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