Thursday, 18 September 2014
Last updated 27 min ago
Jun 15 2007 | 10:37am ET
Hedge fund Rocker Partners has rearmed with some high-profile legal firepower in its battle with online retailer Overstock.com.
New Jersey-based Rocker has hired David Boies’ Armonk, N.Y.-based Boies, Schiller & Flexner to defend it against a suit filed by Overstock, accusing the hedge fund of attempting to drive down Overstock’s share price.
Rocker made the move after a California appeals court denied its motion to dismiss Overstock’s suit last month. The hedge fund dumped Los Angeles firm Paul, Hastings, Janofsky & Walker to add Boies’ firm to its legal team, Gavin Rooney, another Rocker lawyer, told Bloomberg News.
Boies, perhaps best-known for representing then-Vice President Al Gore during the battle over 2000 presidential election, has also represented the U.S. Justice Dept. in its successful battle against Microsoft, the New York Yankees, Napster and Enron CFO Andrew Fastow.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.