Securities
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A trust established to protect prebankruptcy General Motors creditors asked a New York federal court Monday to greenlight a $231 million settlement aimed at resolving a nearly decade-old case over a $1.5 billion term loan that GM made prior to its 2009 bankruptcy sale… Read this piece in its entirety at Law360.
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The court-appointed trustee of Bernie Madoff’s investment company has reached a deal to claw back nearly $600,000 from the wife of the convicted securities swindler, according to a Friday New York bankruptcy court filing… Read this piece in its entirety at Law360.
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An investor in computing solutions provider Mellanox Technologies launched a proposed class action in California federal court on Wednesday seeking to block the company’s impending acquisition by Nvidia Corp., a deal valued at $6.9 billion… Read this piece in its entirety at Law360.
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Several Lloyd’s of London syndicates have agreed to pay $22 million to settle class claims they were conspiring with insurance brokers to conceal exorbitant commissions and the anti-competitive nature of their market, according to a filing Friday in New Jersey federal court… Read this piece in its entirety at Law360.
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A Connecticut federal judge on Monday preliminarily signed off on a $10 million deal between manufacturer Terex Corp. and investors led by a sheet metal union pension fund in stock drop litigation over the company’s alleged failure to disclose declining demand for its services… Read this piece in its entirety at Law360.
Mike LaSusa 