Another stated flatly that a bankruptcy judge could wipe out a company's debt and leave the equity alone, a ruling that would be as likely as a snowball surviving Dante's Inferno.
They also speculated that the Regents had not pushed harder for equity because a ruling is imminent in a lawsuit that seeks to overhaul the formula for distributing school aid.
DealBook » Bank of America Prepares to Pay Shareholders | Bank of America last week "received a reprieve when regulators determined it would not have to hold as large a cushion of equity as expected, a ruling which could hasten the return of capital," The Financial Times writes.
Acromas has £6bn of borrowings and was widely tipped as a prime candidate for listing, but senior managers have now taken the unusual step for a private equity-financed vehicle of ruling out a float for at least 12 months.
DealBook » Sun Capital Court Ruling Threatens Structure of Private Equity | An appeals court ruling last week will make it harder for private equity funds to walk away from the unfunded pension liabilities of a portfolio company that goes bankrupt.
On Thursday, KeyCorp said it needed the new equity to offset an adverse court ruling that it may appeal.
United Rentals said Monday that it would not appeal a Delaware judge's ruling Friday that the private equity firm Cerberus Capital Management cannot be forced to complete its $4 billion buyout of the rental equipment operator.
The Campaign for Fiscal Equity, the group whose lawsuit led to yesterday's ruling, said that it would appeal to New York's highest court, the Court of Appeals, which could hear the case this fall at the earliest.
In this paper, we explain how the ruling party, ZANU PF, which identifies with equity in the distribution of land, has through its various apparatus including the institution of the Ministry of Local Government, Publics Works and National Housing, has outwitted the MDC.
Last week, the United States Court of Appeals for the First Circuit issued a ruling that will make it harder for private equity funds to walk away from the unfunded pension liabilities of companies they have bought if the company goes bankrupt.
