Law

Ex-Bank of America Executives Win Dismissal of Some SEC Claims on Appeal Two former Bank of America Corp. executives won dismissal of claims by securities regulators that they could be held liable for allegedly false statements made to clients of the bank’s Columbia Management Group unit.

Oaktree Capital Is Poised to Take Over Almatis in Debt-For-Equity Exchange Oaktree Capital Management LLC, the investment fund with about $73 billion under management, is set to take control of Almatis from Dubai International Capital LLC under the terms of a $1 billion debt restructuring.

Steven Rattner Said to Be in Talks With Cuomo to Settle Pension Inquiry Steven Rattner, co-founder of Quadrangle Group LLC, has been in discussions with New York Attorney General Andrew Cuomo to resolve his role in a state pension fund corruption investigation, according to a person familiar with the inquiry.

Brazil Prosecutors Seek Tax Probe Against Central Bank President Meirelles Brazil’s Prosecutor General asked the Supreme Court to pursue an investigation into alleged tax crimes by central bank President Henrique Meirelles, which analysts say may pose an obstacle to a possible run for elected office this year.

Former Cazenove Partner Calvert Gets 21 Months in Jail for Insider Trading A former partner at JPMorgan Chase & Co.’s Cazenove unit was sentenced to 21 months in prison, the second-longest sentence for an insider trading case filed by the U.K. Financial Services Authority.

Fairpoint Communications Wins Approval of Plan, $75 Million in Financing FairPoint Communications Inc., the bankrupt provider of voice and data services to rural homes and businesses in New England, won court approval of the outline of its reorganization plan and a $75 million loan to finance its exit from Chapter 11.

Bloomberg Law