Competing shareholder class actions against Peloton show ‘everything is securities fraud’ trend

Competing shareholder class actions against Peloton show ‘everything is securities fraud’ trend
Did exercise equipment company Peloton Interactive Inc defraud investors when it insisted last month that its signature treadmill was safe, despite an urgent April 17 warning from the U.S. Consumer Product Safety Commission about children getting trapped under its rear roller?The Rosen Law Firm says so. The plaintiffs shop filed a shareholder class action on… Read More

Capital Calls: LionTree on the prowl

Capital Calls: LionTree on the prowl
A young lion is seen at Woburn Safari park before its opening as COVID-19 restrictions begin to ease, in Woburn, Britain, April 11, 2021. REUTERS/Andrew BoyersConcise insights on global finance.-----------------------------------------------LIONTREE KING. A noted media M&A adviser has traded places with his former employer. Aryeh Bourkoff’s boutique firm LionTree has zipped up the ranks of the… Read More

Capital Calls: Hindsight comes quickly to SPAC projections

Capital Calls: Hindsight comes quickly to SPAC projections
A electric taxi car drives past a crossing in Shanghai, China March 9, 2021. REUTERS/Aly SongConcise insights on global finance.-----------------------------------------------2020 HINDSIGHT. Flattering projections from special-purpose acquisition companies, or SPACs, need to be taken with a large grain of salt. Lordstown Motors (RIDE.O) is the latest example. The company said on Tuesday that it needs more… Read More

The Collected Group restructuring plan scores bankruptcy court approval

The Collected Group restructuring plan scores bankruptcy court approval
Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew KellyFashion brand owner, The Collected Group LLC, has secured court approval of its prepackaged reorganization plan that will put lenders in control of the company.Collected, represented by Paul, Weiss,… Read More

TREASURIES-U.S. yields lower after strong demand for two-year note auction

TREASURIES-U.S. yields lower after strong demand for two-year note auction
* U.S. 2-year note auction attracts strong demand * U.S. yield curve flattens as inflation worries ease * U.S. reverse repo volume surges to 3rd highest since launch (Adds bullets, details, updates prices) By Gertrude Chavez-Dreyfuss and Karen Pierog NEW YORK, May 25 (Reuters) - U.S. Treasury yields fell to fresh multi-week lows and the… Read More

Nordstrom beats quarterly revenue estimates

Nordstrom beats quarterly revenue estimates
The outside of the Nordstrom flagship store is seen during a media preview in New York, U.S., October 21, 2019. REUTERS/Shannon StapletonNordstrom Inc (JWN.N) posted a bigger-than-expected quarterly loss on Tuesday, hurt by price markdowns the department store chain had to initiate due to excess holiday inventory and increasing competition in the retail sector.The retailer's… Read More

Competing shareholder class actions against Peloton show ‘everything is securities fraud’ trend

Competing shareholder class actions against Peloton show ‘everything is securities fraud’ trend
Did exercise equipment company Peloton Interactive Inc defraud investors when it insisted last month that its signature treadmill was safe, despite an urgent April 17 warning from the U.S. Consumer Product Safety Commission about children getting trapped under its rear roller?The Rosen Law Firm says so. The plaintiffs shop filed a shareholder class action on… Read More

Capital Calls: LionTree on the prowl

Capital Calls: LionTree on the prowl
A young lion is seen at Woburn Safari park before its opening as COVID-19 restrictions begin to ease, in Woburn, Britain, April 11, 2021. REUTERS/Andrew BoyersConcise insights on global finance.-----------------------------------------------LIONTREE KING. A noted media M&A adviser has traded places with his former employer. Aryeh Bourkoff’s boutique firm LionTree has zipped up the ranks of the… Read More