Qunar Cayman Islands Ltd.: Qunar enters into definitive merger agreement for going private transaction
BEIJING, Oct. 19, 2016 (GLOBE NEWSWIRE) — Qunar Cayman Islands Limited (NASDAQ:QUNR) (‘Qunar’ or the ‘Company’), China’s leading mobile and online travel platform, today announced that it has entered into a definitive agreement and plan of merger (the ‘Merger Agreement’)…
U.S. judge approves but critiques SEC’s ‘phantom’ deal with [Cayman Islands] bank
By Nate Raymond | NEW YORK From Reuters The U.S. Securities and Exchange Commission on Wednesday won approval of a settlement with failed Cayman Islands-based Caledonian Bank Ltd, despite criticism by a federal judge of the regulator’s handling of the…
Is Greenlight Capital Re Ltd Stock a Sell after Ian Isaacs’s Insider Sale?
By Winifred Garcia From Press Telegraph Ian Isaacs Insider Sell Insider sale amounting to close to $257,358 USD was made public online in a report submitted to the Security and Exchange Commission on 08/09/2016. According to which, Ian Isaacs, the…
US: SEC Fines California Health Insurer $340,000 For Breaking Whistleblower Protection Laws
By Kate Cox From Consumerist When a business is doing something shady and illegal, often the best-placed people to know about it are the employees who are supposed to carry it out. That’s why there are laws in place to…
$415M Merrill Lynch Settlement Spurs SEC to Boost Enforcement
From Mark Hamblett, From New York Law Journal Gambling with customer money that was supposed to be set aside for its own rainy day cost Bank of America’s Merrill Lynch $415 million in a settlement Thursday and prompted a stepped-up…
SEC says firm ripped off class action investors
By Cheryl Miller, From The Recorder SACRAMENTO — The Securities and Exchange Commission charged a Los Angeles firm and its co-founders with defrauding more than 250 investors who were promised huge returns on a business recruiting plaintiffs for lucrative class actions…
SEC accuses Biotech VC of siphoning funds
By Ross Todd, From The Recorder SAN FRANCISCO — Prominent biotech venture capitalist G. Steven Burrill has agreed to pay nearly $5.8 million to settle charges that he redirected money from one of his funds to prop up other flagging investments…
In a first, SEC offers DPA to Exec accused of bribery
By Sue Reisinger, From Corporate Counsel Two subsidiaries of Massachusetts software company PTC Inc. agreed to pay more than $28 million in civil and criminal penalties Tuesday to resolve federal investigations into payments for recreational trips for Chinese government officials, in…
Judge orders SEC to stop dawdling on disclosure rule
By Sheri Qualters, from The National Law Journal A Boston federal judge ordered the U.S. Securities and Exchange Commission to speed up rulemaking that will require energy companies to disclose their payments to governments in exchange for commercial development of…
CB Pharma Acquisition Corp. announces closing of initial public offering
BURLINGTON, Mass., Dec. 18, 2014 (GLOBE NEWSWIRE) — CB Pharma Acquisition Corp. (Nasdaq:CNLMU) (“CB Pharma” or the “Company”), a Cayman Islands exempted company formed as a blank check company for the purpose of entering into a merger, share exchange, asset…
