Saturday, 27 December 2014
Last updated 2 days ago
Jan 31 2014 | 12:16pm ET
Nevada's highest court has overturned the dismissal of a lawsuit filed by 47 hedge funds over a failed Las Vegas casino.
The hedge funds, led by Brigade Capital Management, were among the lenders who provided $2.5 billion in loans to the project, which would have built a new 63-story hotel and casino on Las Vegas' famed Strip. But the hedge fund alleged that the Fontainebleau Resort and Casino conspired with Union Labor Life Insurance to hide from the hedge funds that the project was in trouble and would not be completed due to hundreds of millions in cost overruns.
A Nevada district court judge dismissed the 2011 lawsuit against Union Labor, a ruling that the state's Supreme Court said yesterday was in error.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.