September 13, 2007 |
Will the second time be the charm? Movie theater chain AMC Entertainment Holdings Inc., owned by investors led by private equity firms J.P. Morgan Partners and Apollo Management, filed Wednesday to raise as much as $500 million in an initial public offering of stock. AMC had planned a $789-million initial offering in May before withdrawing the issue after investors balked at the proposed $17-a-share IPO price. A month later, J.P. Morgan and Apollo said AMC's parent, Marquee Holdings Inc.
December 30, 2010 |
Days before leaving office, New York Atty. Gen. Andrew Cuomo settled lawsuits he filed against former Obama administration advisor Steven Rattner. A financier who led the federal bailout and restructuring of General Motors and Chrysler, Rattner agreed to pay $10 million to end the civil litigation. The suits accused him of paying more than $1 million in kickbacks to help his former firm, Quadrangle Group, win contracts to manage $150 million in assets in a state pension fund. Rattner was one of several investment managers accused of improperly securing business from the fund.
April 16, 2010 |
Authorities probing pension-fund influence peddling on Thursday announced $17 million in settlements with targets of their investigations, including a high-profile California lobbyist and an investment firm founded by President Obama's former "auto czar." The settlements reached by the Securities and Exchange Commission and New York state Atty. Gen. Andrew Cuomo mark the latest development in a yearlong scandal centering on intermediaries who collected commissions from investment firms for brokering deals that brought the firms chunks of pension-fund money to manage.
July 14, 2009 |
Steven Rattner, the Wall Street millionaire and relentless deal maker who led General Motors and Chrysler through bailout and bankruptcy, is leaving his post atop the government's auto task force just five months after he was handpicked for the job. "With GM's restructuring complete, Steven Rattner, whose leadership and vision were invaluable to the auto task force's efforts, has decided to transition back to private life and his family," Treasury Secretary Timothy F. Geithner said Monday.
October 26, 2010 |
In the weeks prior to General Motors' historic bankruptcy filing in June of last year, then-car czar Steven Rattner furiously raced to tie up a number of key last-minute details. Chief among them was finding someone to take over stewardship of the 100-year-old company's board. Amid negotiations with Ed Whitacre Jr., the irascible Texan who would go on to take the job, Rattner was troubled by reports about his own finances.
April 18, 2009 |
Investment banker Steven Rattner came to Washington in February to help the Obama administration bail out General Motors Corp. and Chrysler -- and maybe even find a larger role in government for himself. But any larger ambitions are now clouded by a pay-for-play scandal that links the New York state pension fund, a low-budget movie called "Chooch" and Rattner's former private-equity firm. There are no allegations of wrongdoing by Rattner or his former company, Quadrangle Group.