Vringo (VRNG) Reports ZTE Ordered to Make Interim Payment by U.K. Court Dec 22, 2014 09:34AM

Vringo (NASDAQ: VRNG) announced that the High Court of Justice, Chancery Division, Patents Court in the United Kingdom ordered ZTE to make an interim payment on account of Vringo's legal costs incurred with respect to the UK part of Vringo's European Patent 1,212,919 (the "'919 Patent"), previously found to be infringed by ZTE and valid as amended. The Court ordered ZTE to pay Vringo £600,000 (approximately $938,000) after taking into account a balancing payment to ZTE... (continue reading...)


Ocwen Financial (OCN), NYDFS Enter Settlement; Chairman Erbey to Step Down Dec 22, 2014 09:05AM

Ocwen Financial (NYSE: OCN) announced that it has reached a comprehensive settlement with the New York Department of Financial Services ("DFS") related to the agency's recent investigation.

"We are pleased to have reached a comprehensive settlement with the DFS and will act promptly to comply with the terms," said CEO Ronald Faris. "We believe this agreement is in the best interests of our shareholders, employees, borrowers and mortgage investors. We will continue to... (continue reading...)


C&J Energy Services (CJES) Receives Favorable Decision in Nabors Merger-Related Litigation Dec 22, 2014 08:56AM

C&J Energy Services (NYSE: CJES) announced the Delaware Supreme Court has ruled to overturn a bench ruling and order of the Delaware Court of Chancery dated November 24 and 25, 2014, respectively, which had required the Company to solicit alternative proposals to purchase the Company (or a controlling stake in the Company) from other potential buyers for a period of 30 days before holding its stockholder meeting to approve the merger agreement with Nabors Industries... (continue reading...)


Ocwen Financial (OCN) Chair to Step Down Amid Settlement with NY Financial Regulator Dec 22, 2014 08:46AM

Ocwen Financial (NYSE: OCN) chairman William Erbey is said to be stepping down from his role at the firm amid a settlement with New York's fianncial regulator, the New York Department of Financial Services.

Erbey will leave his role by mid-January, according to the WSJ.

As part of the wide-ranging settlement, Ocwen will also pay $150 million toward New York's housing programs and aid to foreclosed homeowners.

Ocwen will say it didn't properly deal with distressed... (continue reading...)


Caesars Entertainment (CZR), Caesars Acquisition (CACQ) Enter Merger Agreement Dec 22, 2014 07:31AM

Caesars Entertainment (NASDAQ: CZR) and Caesars Acquisition Company (NASDAQ: CACQ) ("Caesars Acquisition") today announced that they have entered into a definitive agreement to merge in an all-stock transaction. The merged company will be one of the largest gaming and entertainment companies in the world. Upon completion of the merger and the proposed restructuring of Caesars Entertainment Operating Company, Inc. ("CEOC"), the merged company will be well capitalized and... (continue reading...)


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