Bloomberg said that the 2009 order of US Bankruptcy Judge Robert Gerber, who presided over the Chapter 11 reorganization of General Motors Co, prohibits the automaker from settling claims for damages of its predecessor's liabilities.
A securities expert told Bloomberg that despite the increase exchange-traded note investments seen in the last two years, investors do not still have a clue on how these volatile securities work or the risks associated with it.
Bloomberg reported that Goldman Sachs Group Inc has plans to file a petition with a judge for the dismissal of the lawsuit filed by the Libyan Investment Authority over securities the bank had handled and the latter claimed to be worthless.
Proxy advisory firm Glass Lewis advised their clients to vote for shareholder rights plan for Augusta.
