Private Equity

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Apollo, BlackRock, Oaktree Ask Judge to Toss Altice Lawsuit

Lenders to Altice USA Inc., including Apollo Capital Management, BlackRock Financial Management and Oaktree Capital Management, asked a federal judge to dismiss a lawsuit accusing them of colluding to shut the company out of the US credit market.

By Reshmi Basu and Steven Church

UK Police Probing Peter Mandelson Search Two Properties

UK police investigating the disgraced former ambassador to the US, Peter Mandelson, said they’re searching two addresses as part of their probe into misconduct in public office.

Paramount Seeks Quick Antitrust Review of Warner Bros. Bid

Paramount Skydance Corp. is pressing to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc. shares in the coming weeks, according to people familiar with the matter.

Cadwalader Trial Leaders Resign After Hogan Conflicts Review

Cadwalader litigation practice leaders Nicholas Gravante and Phil Iovieno resigned on Friday due to conflicts of interest with clients of the firm’s partner in a planned merger, Hogan Lovells.

Retailer Francesca’s Files Second Bankruptcy, Plans to Liquidate

Boutique women’s specialty retailer Francesca’s has filed for bankruptcy for the second time, saying it will close its stores and liquidate.

Dow Jones Industrial Average Exceeds 50,000 for First Time

The Dow Jones Industrial Average broke above the 50,000 level for the first time, as investors bid up the blue-chip gauge amid optimism over the US economy and corporate earnings.

Eye Care Firm SpyGlass Pharma Soars 65% In Trading Debut

SpyGlass Pharma Inc. shares jumped 65% in the biopharmaceutical firm’s trading debut after it raised $150 million in an initial public offering.

US Probes Netflix Tactics in Review of Warner Deal, WSJ Says

The US Justice Department is investigating Netflix Inc.’s tactics as it looks into the streaming company’s agreement to buy Warner Bros. Discovery Inc.’s studios and HBO Max streaming service, the Wall Street Journal reported.

Stellantis Rout Nears €70 Billion After Surprise Writedowns

Fourteen months after Stellantis NV parted ways with a chief executive officer who surprisedinvestors with wayward results, his successor has pulled a similar move.

Abu Dhabi Sovereign Fund Sued by Thrive Freeze Dry Founders

Thrive Freeze Dry’s financial backers, including an affiliate of an Abu Dhabi sovereign wealth fund, seized control of the business through a series of transactions that wrongly sidelined its founders, according to a lawsuit unsealed Friday.