Talk about a regulation with teeth. Within days of the Treasury Department announcing new rules meant to discourage corporate tax inversion deals, Pfizer and Allergan announced they were scrapping their planned $152 billion merger – NYTimes and WSJ and Bloomberg
Here’s the latest on the much-buzzed-about and controversial Labor Department fiduciary duty regulations for financial advisers – NYTimes and WSJ
BlackRock’s not generally known for pulling an Ackman or Icahn and going activist, but the giant asset manager’s throwing its considerable weight around when it comes to the G-Resources Group, a Hong Kong company that owns a gold mine. The Deal Professor says the G-Resources fight is relatively small potatoes but that it may be a sign of things to come for BlackRock – NYTimes
Some experts suggests that the Panama Papers could force the US to “address its own status as a tax haven before it can push harder than it already has against other governments” – Law360
Bloomberg recommends preparing for a “most painful” corporate default wave – Bloomberg
The London-based trial for five ex-Barclays employees accused of manipulating Libor is officially underway, with prosecutors hoping to bounce back from the disappointing acquittal of 6 former brokers in their last Libor trial just months ago – NYTimes and Law360
Morgan Stanley’s looking to rid itself for good of German-lender IKB Deutsche Industriebank’s $147 million RMBS lawsuit, asking a NY appellate court yesterday to overturn the lower court decision that allowed many of IKB’s claims in tact – Law360
The Times gets a bit personal with the latest feature on alleged fraudster Andrew Caspersen, the former Park Hill Group partner and “child of privilege” who “violated a circle of trust” by raising “tens of millions of dollars for what authorities have called a fraudulent investment scheme” – NYTimes
Staggs or not, whoever’s following Iger at Disney will have awfully big mouse shoes to fill – NYTimes and WSJ
File this under “good to know” next time Imperial fighters or the Romulans have chased your ship into an asteroid belt . . . just not that big of a deal – NYTimes
