Page 1766 


SEC Seen Waiting for Prosecutors Before Pursuing SAC

If the past is any guide, the U.S. Securities and Exchange Commission will probably hold off on its threat to sue SAC Capital Advisors LP until prosecutors determine whether they can build a criminal insider-trading case against the hedge fund’s founder, Steven A. Cohen.



Houlihan Lokey Logo Large

Houlihan Lokey acquires McQueen

Houlihan Lokey has announced that it has agreed to acquire McQueen Limited (McQueen), a London-based independent advisory firm that provides corporate finance and other strategic advisory services to clients in the consumer sector. The agreement was signed on July 20 and is expected to close following regulatory approvals.

American courtroom

U.S judge rejects HSBC's bid to dismiss lawsuit

A federal judge rejected HSBC's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37bn of residential mortgage-backed securities contributed to the downfall of five federal credit unions.