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Intelsat Investors’ Insider Trading Claims Fall Short, for Now

Investors in satellite operator Intelsat SA didn’t adequately allege that two investment groups and the chairman of the board had access to material nonpublic information when they sold $246 million in company stock about two weeks before its price plunged, a federal court said.

UBS Says Sellers Careful in This Tricky Market: Bloomberg Deals

Hello all it’s Mureji Fatunde writing from New York. Today, we discuss reflections and predictions from some of UBS’ top dealmakers as we prepare to enter the final quarter of 2022. Elsewhere, Apollo considers a logistics takeover, FTX prepares for its second distressed crypto snap-up, and potential buyers circle struggling UK stocks.

Matt Levine’s Money Stuff: The Deli Was Allegedly a Fraud

The more I learn about the deli, the less I understand it. The deli is (was) of course Your Hometown Deli, a deli in Paulsboro, New Jersey, that opened in 2015 and closed this August. During most of its seven-year run, Your Hometown Deli was also the only business of a US public company called Hometown International Inc.

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