Topic
Bonds
56 published works
Corporate & Financial Weekly Digest
Investors in Argentine Bonds Entitled to Millions in Additional Interest
Co-authored by Jessica M. Garrett The New York Court of Appeals held that, under the terms of bond documents requiring biannual interest payments "until the principal…is paid," Argentina was contractually…
Securities Law Prof Blog
Pacific Asian Atlantic Foundation Settles SEC Fraud Charges over Worthless Bonds
The SEC settled fraud charges against Pacific Asian Atlantic Foundation, a purported international humanitarian organization, and its president and chief executive officer for fraudulently offering billions in worthless bonds to several…
West Virginia Business Litigation
WV Supreme Court Orders Massey Bond of $55 Million, But Denies Motion to Affirm Judgment
In advance of tomorrow's argument in Caperton v. A. T. Massey Coal Co., the Supreme Court of Appeals of West Virginia has granted the Caperton corporations' motion require Massey to post an…
InsureReinsure
Update: Shareholder Lawsuit Against Company that Invested in Lehman Bonds a Day Prior to Lehman’s Bankruptcy Has Been Voluntarily Dismissed
On June 16, 2009, plaintiff Kathryn Squires voluntarily dismissed, without prejudice, the lawsuit filed on behalf of iShares Trust shareholders.
InsureReinsure
China: Insurance Regulatory Update
The China Insurance Regulatory Commission (CIRC) has recently issued a Circular aimed at expanding the scope of domestic insurers’ bond investments and enhancing their internal risk management mechanisms (the "Circular").
Securities Law Prof Blog
First Quarter Securities Issuance Reached $1.43 Trillion
According to the latest Research Quarterly released by the Securities Industry and Financial Markets Association (SIFMA), securities issuance in the first quarter of 2008 reached $1.43 trillion, an increase from…
Pension Risk Matters
Pension Obligation Bonds – Do They Pass the Test?
Bloomberg reporters Michael McDonald and Adam L. Cataldo cite New Jersey Governor Jon Corzine as a vocal critic of pension obligation bonds. "It's the dumbest idea I ever heard," describing $35 billion…
Securities Law Prof Blog
2007 Securities Issuance Total Unchanged from 2006
According to the latest Research Quarterly released by SIFMA, the 2007 full-year issuance total, $6.44 trillion, was virtually unchanged from the $6.47 trillion in securities issued in 2006. On the…
Securities Law Prof Blog
Expert Predicts Increase in High-Yield Bond Default Rate
NYU finance professor Edward Altman predicts that high-yield bonds will default at a rate of 4.64% this year, up from 0.51% in 2007. This would be the highest rate since…
Securities Law Prof Blog
Debt Investors Lobby for More Protection
A recently formed group of debt investors called the Credit Roundtable will release a white paper today calling for stronger protections in bond contracts. The proposals include a "change in…