Azul smacks down Reg claims with $40m
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All funded up with somewhere to go In an apparent response to our story yesterday, Azul Systems today announced the completion of a $40m funding round. The Java server appliance start-up stressed that "top tier" investors participated in the funding, including Accel Partners, Austin Ventures, ComVentures, Credit Suisse, JVax Investment Group, Meritech Capital Partners, Redpoint Ventures and Worldview Technology Partners. "All existing investors in the company participated in the financing."â¦
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Mortgage losses and legal fees weigh down the institutional money manager.
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Class-action lawsuits that accuse companies of defrauding investors increased more than 40 percent last year, fueled by troubled mortgage investments and a volatile stock market, according to a study released yesterday.
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Bristol-Myers Squibb takes a $275 million writedown in its investment portfolio for the quarter.
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The companies making up the S&P 500 would have to set aside $40 billion this year to fully fund their pension plans.
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Some aggrieved investors are turning  to lawyers to pursue possible legal claims stemming from losses  at two Bear Stearns Cos.  hedge funds that were  virtually wiped out from large, illiquid bets on risky  mortgages.
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High gas prices are a tough obstacle for most businesses, and the auto parts retail business is no exception. AutoZone (NYSE: AZO), the largest of the auto parts retailers, said this morning
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The work may have been subcontracted to another firm.
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Legal team hunkers down Master of the "streamline," Transmeta today culled about 40 per cent of its workforce.â¦
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AO VimpelCom, Russia&#39;s second-largest mobile-phone company by subscribers, said it received a claim of 4.4 billion rubles ($157 million) for back taxes, penalties and fines from 2001.
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With Comcast shares down more than 40% in a year, a money manager is taking aim.
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The ruling could cost insurers billions of dollars more than the $41 billion they have already paid to storm victims.
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AIG will return $46m in fees it earned on three off-balance-sheet vehicles set up for PNC Financial as part of a settlement with regulators announced this week.
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Â· Company faces insolvency without Â£400m cash boostÂ· Public-private deal was driven by Treasury
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The Securities and Exchange Commission, cracking down on scams targeting retirees, sued 26 people and companies for their roles in a $428 million fraud involving Mexican timeshare rentals, the agency said.
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ALBANY, NY - New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage Thursday, accusing brokers of taking payoffs to steer clients to insurance companies that were not necessarily offering the lowest prices for their policies.
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Ritchie Capital will pay $40 million to settle investigations into its trading practices from 2001 to 2003, regulators and the company said.