Finance Law

RALEIGH, N.C., Apr 12, 2012 (GlobeNewswire via COMTEX) – Triangle Capital Corporation /quotes/zigman/3452448/quotes/nls/tcap TCAP +0.36% (“Triangle” or the “Company”), a leading specialty finance company that provides customized financing solutions to lower middle market companies located throughout the United States, today announced that it closed an $8.5 million subordinated debt investment in ROM Corporation (“ROM”). ROM [...]

Harvard Law School Professor Charles Donahue, Jr., Paul A. Freund Professor of Law, was recently recognized by the Medieval Academy of America (MAA) for his notable contributions to medieval scholarship. He was elected a fellow by MAA members and inducted on March 24 at the MAA’s annual meeting in St. Louis. Donahue, who joined the [...]

NEWPORT-As demands for higher educational standards increase, so does the legislation governing compulsory school attendance. Stricter laws seek to eliminate students’ frivolous absences from school, according to Cocke County Schools Attendance Supervisor Dennis Balch. According to Balch, upon a student’s fifth unexcused absence during a school year, the child is deemed truant. “The school sends [...]

NEW YORK | Thu Apr 12, 2012 10:00pm EDT NEW YORK (Reuters) – A New York judge has ruled that Bank of America (BAC.N) CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc.(MBI.N) which claims the bank fraudulently induced it to insure risky mortgage-backed securities. The judge said Moynihan could [...]

Enlarge image Nokia Swaps Trade Like Junk as Cash Dwindles Chris Ratcliffe/Bloomberg The phone maker’s free cash flow, which produces money available to pay down debt, reward shareholders with buybacks and dividends, or reinvest in the business, plummeted 87 percent to 541 million euros last year, Bloomberg data show. The phone maker’s free cash flow, [...]

A Sioux Falls law firm has donated $125,000 to establish a fellowship at the University of South Dakota School of Law. The law firm Johnson, Heidepriem Abdallah, LLP, pledged the money, which will provide salary support in the area of trial advocacy at USD. Steven M. Johnson, a ’76 graduate of USD Law, said the [...]

Trevor Laws became the 10th free agent to join the Rams this offseason when the defensive tackle agreed to terms Wednesday night on a one-year deal. In four seasons with Philadelphia, Laws never lived up to his second-round draft status in 2008 out of Notre Dame. But he did have value as a rotational player [...]

When a Chinese court sentenced then-28-year-old Wu Ying, known as “Rich Sister,” to death for taking $55.7 million from investors without paying them back, it sparked a controversy over China’s shadow banking system that may lead to reforms. Wu’s crime involved a common illegal practice in China: raising money from the public with promises to pay [...]

Nokia Oyj (NOK1V), once the world’s biggest smartphone maker, risks a downgrade to junk-bond status after cutting its profit forecast and reporting a decline in its cash. Nokia’s credit-default swaps soared for a seventh day yesterday, rising 62 basis points to a record 435 basis points, according to data provider CMA. Espoo, Finland-based Nokia’s swaps [...]

By IANS, Sonipat (Haryana) : The Jindal Global Law School here has signed wide-ranging partnership agreements with three leading American law Schools to enrich academic programmes in both India and the US. Two MoUs were signed Thursday by O.P. Jindal Global University (JGU) Vice Chancellor C. Raj Kumar and his counterparts in the University of [...]