Netflix Inc. has become the best performing U.S. stock in the Standard & Poor’s 500 Index in 2013 and the second most expensive, and therein lies a tale of disagreement.
Lehman Brothers Holdings Inc., which has been fighting affiliates over who owes what to whom since 2008, said its defunct brokerage will allow it to claim about $16.3 billion as a result of a settlement.
The Peregrine Financial Group Inc. trustee didn’t complete necessary tests before announcing a plan to distribute $123 million to customers of the defunct futures brokerage, the U.S. Commodity Futures Trading Commission said.
JPMorgan Chase & Co. faulted a plan by the trustee liquidating Peregrine Financial Group Inc. to request customer documents directly from Chief Executive Officer James Dimon
The trustee liquidating Peregrine Financial Group Inc. said only about 11 of 24,000 futures customers have “specifically identifiable property” eligible to be returned to them.
Customers’ claims on PFGBest, whose founder is accused by regulators of misappropriating more than $200 million, may fetch less than a quarter of their value in the wake of the firm’s bankruptcy.
The U.S. Supreme Court won’t hear an appeal by Bernard Madoff’s investors over whether they can recover lost profit, an action that lets stand the Madoff trustee’s calculation that investors lost $17 billion.
Bernard Madoff’s investors shouldn’t be allowed to appeal a court ruling denying them payment for fake Ponzi profits on their account statements, the U.S. Securities and Exchange Commission said.
JPMorgan Chase & Co., fighting Lehman Brothers Holdings Inc. over $8.6 billion the defunct firm wants back, won dismissal of some of Lehman’s claims, leaving it to fight the rest.
