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  • Moody's22 days ago

    The ADT Corporation -- Moody's downgrades ADT's first-lien ratings to Ba3; affirms B1 CFR and B3 second-lien ratings

    $10.8 billion of rated debt affected. New York, February 03, 2017-- Moody's Investors Service downgraded the first-lien debt of Prime Securities Services Borrower, LLC to Ba3, from Ba2, and affirmed the ...

  • Reuterslast month

    Former N.Y. fund analyst goes on trial for insider trading

    A former analyst at Michael Dell's New York-based investment fund went on trial on Tuesday for insider trading, a day after being arrested for refusing to show up in court. John Afriyie, 29, misused secret information about a deal that MSD Capital, named for the Dell Inc founder, was mulling whether to finance, turning a roughly $24,000 investment into $1.5 million, Assistant U.S. Attorney Christine Magdo told a federal jury in Manhattan. Magdo said that using an account in his mother's name, Afriyie bought call options for ADT Corp in early 2016 after learning that private equity firm Apollo Global Management LLC had approached MSD about financing a deal for Apollo to acquire the security company.

  • Reuterslast month

    Former N.Y. fund analyst arrested for skipping insider trading trial

    A former analyst at the investment fund of Dell Inc founder Michael Dell was arrested on Monday after he refused to show up for trial to face charges that he made $1.5 million engaging in insider trading. U.S. District Judge Paul Engelmayer in Manhattan earlier in the day issued a bench warrant for John Afriyie, a former employee of MSD Capital, after a defense lawyer said his client was in New Jersey and would not agree to come to court. Engelmayer warned that Afriyie was "going to need to bring his toothbrush." And after Afriyie was arrested about five hours later at a hotel in East Windsor, New Jersey, and was brought into the court in chains, the judge revoked his bail.