Commerce

Connaught investors accuse regulator of ‘lying’ about compensation

Investors in collapsed Connaught Income Fund accused UK financial regulator of ‘lying’ over £ 104million loss they suffered in an attempt to avoid paying them compensation additional. The Connaught Action Group, which represents around 2,000 investors in the fund that went bankrupt in 2012, said on Monday that the Financial …

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The activist fund TCI files a complaint against Italy with the European Commission over Atlantia

Through Maiya Keidan, Stefano Bernabei LONDON / ROME (Reuters) – Activist hedge fund TCI Fund Management has said it has filed a complaint with the European Commission for “illegitimate expropriation” by the Italian government of Atlantia’s motorway unit, Autostrade per l’Italia. FILE PHOTO: An Atlantia Group logo is seen outside …

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Civic Financial Services Surpasses 10,000 Loan Funding

Private lender Civic Financial Services celebrates 10,000 funded loans Ten thousand financed loans represent 10,000 opportunities seized for our clients to achieve their real estate investment objectives. This is a significant achievement for the private lending industry, and we are proud to achieve it so early in our company’s history. …

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CDP-led group sticks to the Autostrade price tag as it runs on a bargain

ROME / MILAN (Reuters) – A consortium led by Italian state lender CDP on Wednesday pledged to make a final offer to buy Atlantia’s 88% stake in a highway company in 10 weeks, while repeating an initial assessment that Atlantia reported as insufficient. The negotiations are part of a long-standing …

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London Turkish Lira Overnight Swap Rate Reaches 1160%

Bloomberg One Credit Suisse unit blacklisted Gupta while another funded it (Bloomberg) – Executives at Credit Suisse Group AG have ignored warnings from colleagues about ailing steel tycoon Sanjeev Gupta as they funneled $ 1.2 billion in client funds to his companies, according to reports. people familiar with the matter. …

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P2P lender’s Plenti files for the IPO

Today we informed our investors that Plenti Group Limited (Plenti) has filed a prospectus for an upcoming Initial Public Offering (IPO) of Plenti’s ordinary shares and a listing on the Australian Stock Exchange (ASX) which is expected to take place. in September 2020. We see an IPO as the best …

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Lender takes control of Southland shopping center in Cutler Bay

Southland Mall in Cutler Bay (Google Maps) A lender took control of the Southland Mall in Cutler Bay after a foreclosure auction failed to result in any bids over $ 2,600. Lack of interest in the once bustling mall formerly owned by private equity firm Investcorp could indicate how bad …

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Long-time investors look to buy New York real estate cheaply

Larry Silverstein and The Denizen in Brooklyn above; and Scott Rechler with 555TEN at Hudson Yards top right. (Getty) One of the biggest investment-sell deals in New York City since the pandemic began occurred last month. It was then that Scott Rechler’s RXR Realty acquired a 42 percent stake in …

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New York State Passes Law to Extend Eviction and Seizure Measures for Commercial Property of Small Businesses | Morrison & Foerster LLP

On March 9, 2021, New York Governor Andrew Cuomo enacted New York State Law COVID-19 Emergency Protect Our Small Businesses Act of 2021 (S471A / A3207) (the deed “). After a full year of commercial tenants and commercial mortgages relying on Governor Cuomo’s executive orders requiring moratoriums on evictions and …

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Gainey McKenna & Egleston Announce Class Action

NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) – Gainey McKenna & Egleston announces that a class action lawsuit has been filed against CytoDyn, Inc. (“CytoDyn” or the “Company”) (OTCQB: CYDY) in the United States Court District of the Western District of Washington on behalf of those who purchased or acquired …

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