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A judge said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments.
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Brazilian prosecutors filed criminal charges against ex-President Luiz Inacio Lula da Silva’s former chief of staff and 16 other people for allegedly participating in the corruption scheme involving Petrobras.
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The IRS awarded $11.6 million to a whistleblower, and experts say the agency could make as many as 10 more large payouts in coming weeks.
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A judge in the Bahamas said Friday a liquidator could take control of the stalled Baha Mar resort project, but limited the official’s powers.
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Suburban Seattle’s Summit Asset Strategies Investment Management and its chief executive have agreed to pay more than $1 million to settle SEC charges that the firm inflated the value of some investments to get unearned management fees.
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Patriot Coal's miners will get to vote on a revised collective bargaining agreement that could help their employer get out of bankruptcy, gunmaker Colt Defense LLC is getting somewhere with its bondholder negotiations and two former board members of Saab Automobile face forgery charges.
The Hollywood company backing “Collide,” a thriller starring Nicholas Hoult, is urging a bankruptcy judge to let it part ways with Relativity Media.
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Two high-profile lawsuits and a conviction related to slave-labor conditions are the latest examples of why companies need to fully understand what is happening throughout their supply chains.
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