WILMINGTON, Del., Jan 8- Leo Strine, the outspoken chief judge of Delaware's nationally important business court, has been nominated to lead the state's Supreme Court, Governor Jack Markell said on Wednesday.
Dec 18- Marketing services provider Harland Clarke Holdings Corp said it would buy Valassis Communications Inc, a marketer of coupons and newspaper inserts, for $1.31 billion. Valassis shares jumped to $34.30, above the offer price of $34.04, suggesting investors expect a higher offer. Valassis reported revenue of $2.16 billion last year.
Adrian Barrie Smith, who recruits housekeeping staff for the wealthy, has sued several well-known Wall Street financiers and even the comedian Jerry Seinfeld.
The SEC says Revlon has agreed to pay a $850,000 fine for misleading shareholders about details of a "going-private" transaction.
There's a battle underway in the surf-side playground of the rich and famous, reports CNBC's Robert Frank.
"I was best friends with my partners for 25 years. I mourn the loss of that friendship," Don Drapkin, the head of Casablanca Capital, said of his former business partner at MacAndrews & Forbes, financier Ron Perelman.
KNTV's Scott Budman, reports Elevation Partners, run by U2's Bono, could make as much as $1.5B on the Facebook IPO; a New York jury has awarded businessman Donald Drapkin $16M in damages, in his lawsuit against billionaire Ron Perelman; and a bankruptcy court gave AMR, the parent company of American Airlines permission to walk away from nine aircraft leases.
The chairman of the House Oversight and Government Reform Committee told CNBC that he wants to know whether political considerations drove the government’s decision to steer a potentially multibillion-dollar contract to a company in which financier Ron Perelman's investment firm has a significant stake.
Financier Ron Perelman’s entry into the smallpox antiviral medicine business has led to a congressional investigation, CNBC has learned.