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People Moves Monday: Peel Hunt, Redburn Atlantic, RBC Capital Markets, Citi, and more…

The TRADE

Murden previously served at Redburn between 2004 to 2022 before leaving to join RBC. “Reto has a superb reputation with the Swiss clients and beyond. Prior to Panmure Gordon, McCormack has also previously served at RBS, ABN AMRO, Shore Capital, HSBC Securities and GNI. Pete Murden is also set to re-join the firm in July from Tourmaline.

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Private Equity Buyer Permitted to Walk From Deal Based on Capitalization Representation Breach

Cleary M&A and Corporate Governance Watch

One claim was by Rafael Marquez who claimed an ownership interest in an OpticalTel subsidiary based on a 2004 Software Development Agreement. [5] One claim was by Rafael Marquez who claimed an ownership interest in an OpticalTel subsidiary based on a 2004 Software Development Agreement. [5]

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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

The trial court found that the claims were nearly identical to corporate overpayment claims asserted by former stockholders and upheld as "direct"—rather than "derivative"—by the Delaware Supreme Court in Gentile v. 2004), and expressly overruled Gentile and its carve-out from Tooley. Rossette, 906 A.2d 2d 91 (Del.

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Delaware Supreme Court Overrules Gentile Carve-out, Holding An Improper Transfer Of Economic Value And Voting Power To A Controlling Stockholder Through An Equity Overpayment Is A Derivative Claim

Shearman & Sterling

The trial court found that the claims were nearly identical to corporate overpayment claims asserted by former stockholders and upheld as "direct"—rather than "derivative"—by the Delaware Supreme Court in Gentile v. 2004), and expressly overruled Gentile and its carve-out from Tooley. Rossette, 906 A.2d 2d 91 (Del.

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People Moves Monday: A string of senior banking appointments

The TRADE

Stuart Staley, who previously held the position, announced that he was set to leave the bank after almost 20 years this April, having joined in 2004. The Canadian Imperial Bank of Commerce (CIBC) made a new senior hire for its equity trading unit in London, according to two sources with knowledge of the matter.

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Citi reports double-digit Q2 decline in investment banking and markets revenue

The TRADE

Citi’s second quarter results have revealed a 13% decrease in markets revenues – following a strong Q2 last year – as both fixed income and equities saw a drop. Fixed income markets revenues were down 13%, while equity markets saw a 10% decrease – a reflection of the decline in equity derivatives, according to Citi.

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Virtualware Acquires Sweden's Simumatik to Strengthen Position in the Real-Time 3D Enterprise Software Industry

Global Newswire by Notified: M&A

. — Spanish-listed company Virtualware (EPA:MLVIR), a provider of cutting-edge extended reality (XR) technologies and real-time 3D enterprise solutions, has agreed to acquire Swedish corporation Simumatik AB for 1.37 By joining forces, we’re creating a unique value proposition that blends the muscle of both our corporations.

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