Gome Shares Surge After Investment by Bain Capital (Update2) (Bloomberg)
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June 23 (Bloomberg) — Gome Electrical Appliances Holdings Ltd. , the Chinese retailer whose billionaire founder is under a police investigation, more than doubled in Hong Kong trading after announcing an investment by Bain Capital LLC.
Blavatnik sues JPMorgan over investment losses (Reuters via Yahoo! News)
U.S. billionaire Len Blavatnik filed a lawsuit against JPMorgan Chase on Monday, accusing the bank of mismanaging an investment account that held about $1 billion in assets owned by Blavatnik’s industrial holding company, Access Industries.
Trustee, SEC File New Suits Against Investment Firms, Individuals Tied to Madoff (Law.com via Yahoo! Finance)
Irving Picard, the court-appointed trustee in charge of liquidating the investment firm of Bernard Madoff, on Monday filed suit against broker-dealer Cohmad Securities to recover what he alleged were decades worth of “ill gotten gains” received as a result of the firm’s “symbiotic relationship” with Madoff.
