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The American Lawyer

Trial of Rengan Rajaratnam Set to Start This Week

The trial of Rengan Rajaratnam, the younger brother of convicted hedge fund manager Raj Rajaratnam, is due to start this week, Reuters reports.
3 minute read

The American Lawyer

KKR Liquidates Hedge Fund Run by Ex Goldman Sachs Traders

Private equity firm KKR & Co announced on Sunday that it would be terminating a hedge fund launched in 2011 and run by former Goldman Sachs Group traders that invested in stocks, Reuters reports.
2 minute read

The American Lawyer

SEC Eyes Appeal in SAC Insider Trading Cases

The U.S. Securities and Exchange Commission wants to see how an SAC Capital insider trading appeal turns out before pursuing an administrative case against firm founder Steve A. Cohen.
2 minute read

The American Lawyer

Red Lobster Sale Spurs Starboard to Wage Darden Board Fight

Activist hedge fund Starboard Value is seeking to replace Darden Restaurants' entire 12-member board of directors in the wake of the company's decision to sell its Red Lobster chain.
2 minute read

The American Lawyer

Report: Sale of Lehman's D.E. Shaw Stake Languishes

The structure of a pre-financial crisis deal is proving to be a stumbling block for the Lehman Brothers estate as it tries to sell its 20 percent stake in hedge fund D.E. Shaw.
3 minute read

The American Lawyer

Four Am Law Firms Dine on Red Lobster Sale

Latham and Wachtell are advising Darden Restaurants on the $2.1 billion cash sale of seafood chain Red Lobster to longtime Kirkland & Ellis private equity client Golden Gate Capital. But some activist investors aren't happy.
5 minute read

New York Law Journal

Hedge Fund Activism: New Myths and Old Realities

In his Corporate Securities column, John C. Coffee Jr., the Adolf A. Berle Professor of Law at Columbia University Law School and Director of its Center on Corporate Governance, writes: Two recent developments have changed the playing field of corporate governance. In their wake, every pundit has announced that this is the heyday of hedge fund activism.
27 minute read

The American Lawyer

Hedge Fund Booster Labels Buffett a Dinosaur

As far as SkyBridge Capital founder Anthony Scaramucci is concerned, hedge fund activists are the white knights of investing and the so-called Oracle of Omaha is simply out with the way Wall Street works now.
2 minute read

The American Lawyer

SEC Charges New York Firm With Faking Hedge Fund Returns

The U.S. Securities and Exchange Commission announced fraud charges against a New York investment advisory firm and two of its executives on Wednesday, for allegedly falsifying the performance of two hedge funds they managed.
2 minute read

Delaware Business Court Insider

Chancery Court Upholds Sotheby's Poison Pill

The Delaware Court of Chancery has denied activist investor Daniel S. Loeb's lawsuit to overturn auction house Sotheby's poison pill plan and enjoin the company's 2014 annual meeting. In issuing the opinion, the court held that Loeb failed to prove the plan unfairly limited stockholder rights and discriminated against activist investors.
4 minute read

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