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News Stories (17 Results) - Legal

SSG Advisors acted as the investment banker to Phillip Galyen P.C. d/b/a/ Bailey & Galyen (“Bailey & Galyen” or the “Firm”) in a $42 million recapitalization. The funding was used to refinance existing indebtedness and will provide additional... Read Story

October 28, 2022, 07:45 AM

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of MyCase, Inc. by private equity sponsor Apax Partners.MyCase is a leading cloud-based legal... Read Story

October 14, 2020, 09:10 AM

Venture Capital (VC) and Private Equity (PE) firms may differ in many ways, but they share a similar predicament – increased pressure to cut legal costs as business revenue from M&A and fundraising declines, according to a new Apperio study entitled... Read Story

September 25, 2020, 09:05 AM

Neiman Marcus Group, Inc.  and related entities have been charged in the District Court of Dallas County, Texas with, among other wrongdoings, the fraudulent transfer of assets totaling approximately $1 billion of value for no consideration. These... Read Story

December 11, 2018, 08:21 AM

Wells Fargo Bank, N.A., and a group of institutional investors, including funds affiliated with BlackRock, Inc. and PIMCO, announced that they have reached a settlement that resolves two class action lawsuits in federal and state court related to... Read Story

November 13, 2018, 07:06 AM

As previously disclosed by Albertsons Companies, Inc., outside counsel to the company’s wholly-owned subsidiary, Safeway Inc., has received letters from a law firm purporting to represent holders of the 7.25% Senior Debentures due February 2031... Read Story

November 12, 2018, 07:00 AM

Attorneys for consulting giant McKinsey & Co. are asking a federal judge to dismiss what they say is a baseless lawsuit against the firm filed by one of its largest competitors.   As ABL Advisor reported in May, Jay Alix, founder of the turnaround... Read Story

August 06, 2018, 08:00 AM

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation announced that it provided $22.5 million in secured financing to support Cottonwood Acquisitions in its recapitalization of PRCCW Holdings LLC.... Read Story

February 14, 2017, 07:00 AM

Ares Commercial Finance has funded a $2 million senior secured revolving line of credit to Mindcrest, Inc.Mindcrest, Inc. and its wholly-owned subsidiary Mindcrest India Private Limited provide legal services to various corporate and law firm clients... Read Story

May 28, 2015, 07:27 AM

On October 28, the New York Supreme Court, Appellate Division – First Department affirmed the dismissal of claims brought by a defaulting borrower against its lender, Siemens First Capital Commercial Finance LLC*, in Whitecap (US) Fund I LP v.... Read Story

November 14, 2014, 07:46 AM

UniTek Global Services has entered into a further amendment to its previously-disclosed forbearance agreement with the company's lenders under its term credit agreement (the term lenders), and that it has also agreed with the termlenders to negotiate... Read Story

July 19, 2013, 07:19 AM

UniTek Global Services, a provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, has entered into further amendments to its... Read Story

June 14, 2013, 07:42 AM

UniTek Global Services,  a provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, entered into amendments of its... Read Story

June 06, 2013, 07:46 AM

Siemens First Capital Commercial Finance LLC won dismissal of a lawsuit accusing it of breach of contract over the cancellation of an initial public offering for a security-alarm service business. Whitecap (US) Fund I LP sued Siemens First Capital... Read Story

March 01, 2013, 07:10 AM

ENGlobal Corporation, a provider of energy-related engineering and automation solutions, announced it entered into a "Second Amendment to Revolving Credit and Security Agreement, Waiver and Forbearance Extension" with its lender. The extension will... Read Story

December 19, 2012, 07:08 AM

Bloomberg reports UK prosecutors are poised to arrest former traders and rate setters at UBS AG (UBSN), Royal Bank of Scotland Group Plc and Barclays Plc (BARC) within a month for questioning over their role in the Libor scandal. The arrests will be... Read Story

November 12, 2012, 07:29 AM

According to an SEC filing, THQ Holdings reported Wells Fargo Capital Finance sent notice it is in default on its $50 million line of revolving credit. The filing states THQ was unable, “without unreasonable effort or expense,” to file its Quarterly... Read Story

November 12, 2012, 07:14 AM