Hildene Settlement With Anchorage Makes ZING VII The First Bankrupt CDO
Posted by The Distressed Debt Report on December 13, 2011
Hildene Capital Management has reached a legal settlement with Anchorage Capital Group that will all…
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Hedge Fund Anchorage Might be First to Push CDO in Bankruptcy
Posted by The Distressed Debt Report on October 24, 2011
A bankruptcy court has denied a group of junior noteholders' motion to dismiss an involuntary Chapte…
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Citigroup to pay $285 million in SEC CDO fraud case
Posted by Reuters: Business News on October 19, 2011
(Reuters) – Citigroup Inc will pay $285 million to settle charges that it defrauded investors who bought toxic housing-related debt that the bank bet would fail, the U.S. Securities and Exchange Commission said on Wednesday.
SEC Investigating Magnetar, N.I.R. For Merrill CDO Sales, FT Says
Posted by The PIPEs Report on June 14, 2011
The Securities and Exchange Commission is investigating Merrill Lynch's sale of collateralized debt …
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UBS sues Highland for failed 2007 CDO deal
Posted by Reuters: Business News on June 29, 2010
CHARLOTTE, North Carolina (Reuters) – UBS AG sued Highland Capital Management LP for $686 million, saying the hedge fund manager provided false financial information to avoid making payments on a transaction.
Goldman’s CDO woes mean dollar signs for lawyers
Posted by Reuters: Business News on June 11, 2010
NEW YORK (Reuters) – Goldman Sachs Group Inc’s mounting legal and regulatory woes stemming from the firm’s sale of subprime mortgage-linked securities are turning into gold for a growing number of lawyers in New York and Washington.
