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The Koch Brothers Could Walk Away With Madoff Cash – Bloomberg

By Securities Docket on June 3, 2016, 9:51 am

Koch Industries Inc. invested an unknown sum with the con man’s now-defunct securities firm years ago, and walked away with $21.5 million in profits before Madoff’s arrest in 2008. But since 2012 the company run by the conservative-activist brothers, worth today a combined $109 billion, has refused legal demands to return the money. via The […]

Posted in Criminal, Top | Tagged Madoff, Trustees

After Nearly $200 Million Dell Flub, T. Rowe Price Seeks a Solution – WSJ

By Securities Docket on June 3, 2016, 9:47 am

After a nearly $200 million blunder, one of America’s largest mutual-fund companies is racing to find a way to compensate thousands of clients. T. Rowe Price Group Inc. is likely to announce as early as next week a plan to reimburse clients who lost out when it accidentally voted in favor of the 2013 buyout […]

Posted in Industry, Top | Tagged Mutual Funds, Proxy advisors