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News
Singapore's DBS Faces $1 Billion Lawsuit in Alleged 1MDB-Linked Claim
3+ day, 15+ hour ago (225+ words) DBS Bank is being sued for an estimated S$1.298 billion ($1.03 billion) in damages linked to the multibillion-dollar 1MDB scandal, Southeast Asia’s largest lender DBS Group said on Wednesday. The claimants include the liquidators of four companies: BlackRock Commodities (Global), Platinum Global…...
Deutsche Finance Sues Germany's BVK in US Court for Defamation
1+ week, 4+ day ago (330+ words) German investment firm Deutsche Finance said it’s suing Bayerische Versorgungskammer in a U.S. court, alleging the pension group unduly interfered in the management of several real estate investments and then blamed it for the resulting losses. Deutsche Finance Holding and its…...
First Brands Bankruptcy-Payout Plan Rejected by Federal Judge
2+ week, 4+ day ago (273+ words) A federal judge rejected the bankruptcy-payout plan of defunct auto-parts maker First Brands, concluding the proposal to raise money by suing a long list of insiders and business partners was not realistic. U.S. Bankruptcy Judge Christopher Lopez sided with a group…...
JPMorgan, Morgan Stanley Fight Suits Over Role in Buyout Deals
2+ week, 5+ day ago (605+ words) JPMorgan Chase & Co. and Morgan Stanley are among banks shareholders are suing over their roles on multibillion-dollar buyout deals after a recent corporate-law overhaul failed to protect financial advisers from potential liability. JPMorgan and Morgan Stanley have each faced two…...