A regulatory filing showed that Fortress Transportation and Infrastructure Investors intends to raise up to $100 million in its initial public offering in New York, Reuters reported.
Legal & Regulatory
Settlement talks between US department store chains Macy's, Penney stalls
Sources said that no settlement talks are currently taking place between department store chains Macy's and J.C. Penney Co. on their dispute over Martha Stewart-branded home goods.
US appeals court reinstates antitrust lawsuit against Dean Foods Co.
The US 6th Circuit Court of Appeals on Friday ruled against food and beverage company Dean Foods Co. in an antitrust case. The said lawsuit alleged that Dean Foods conspired to restrict competition for bottled milk in southeastern states in the US after its 2001 merger with Suiza Foods Corp.
RJ Lane sues Deutsche Bank, BDO Seidman for fraudulent tax shelter
RJ Lane filed a case against Deutsche Bank, BDO Seidman and a former partner of BDO Seidman over claims that they formed a fraudulent tax shelter that caused him losses, Bloomberg reported.
NY Federal Reserve Bank seeks to dismiss lawsuit by former employee
The New York Federal Reserve Bank filed a motion in a federal court in the Southern District of New York seeking a dismissal of the lawsuit filed by former employee Carmen Segarra.
Latest News
Alternative asset manager Carlyle Group has introduced its first two publicly listed mutual funds, paving the way for Carlyle to offer its investment platform to retail investors, Reuters reported.
JPMorgan Chase & Co settled a lawsuit brought against it by the Federal Home Loan Bank of Pittsburgh involving the losses it sustained from mortgage securities it bought from the bank, Bloomberg reported.
Canadian smartphone maker BlackBerry filed an infringement lawsuit against Typo Products, the startup co-founded by Ryan Seacrest, over its newly released smartphone keyboard that attaches to the iPhone5.
Pinterest, the popular US social networking startup, will be having difficulties expanding in international markets after a ruling the European Commission's Office for Harmonization in the Internal Market, Trade Marks and Designs Division said the true owner of the brand name in the region is a London startup.
Fisker Automotive, the bankrupt maker of plug-in hybrid sports cars, seeks a bankruptcy court ruling rejecting the company's sale to Chinese auto parts company Wanxiang Group. Fisker blames Wanxiang for its bankruptcy.
The Financial Industry Regulatory Authority said it would be ramping up its efforts against brokers who sell high risk products like emerging market "frontier" funds to investors of lesser means, the Financial Times reported.
Competition Commission of India (CCI), the fair trade regulator, said in a published order that it has given its approval for the planned merger of steel companies Shree Uttam Steel and Power and Uttam Galva Steels.
Martha Stewart Living Omnimedia Inc and retailer Macy's Inc on Thursday announced the settlement of a lawsuit it filed against the former over a partnership deal with department store chain J.C. Penney Co Inc in 2011.
Dangote Industries Ltd, Alhaji Aliko Danagote's holding company, has up till October 26 to sell down or dilute its stake in cement manufacturer Dangote Cement PLC. The reduction in shareholding will enable the cement company to comply with flotation regulations in Nigeria's bourse.
