The 19 states and attorneys general involved in a $1.37 billion legal settlement against Standard & Poor's have varying plans and discretion to spend the money, according to a review of the Feb. 3 agreement and subsequent press statements. Also unclear is how the attorney general plans to calculate the effects of the mortgage and financial crisis in Maine.
On March 20, the Texas Attorney General's Office filed a limited objection in U.S. Bankruptcy Court to RadioShack's plan to sell personally identifiable information of 117 million customers. In a letter to the Texas Attorney General's Office, Morrisey said RadioShack's desire to sell customer data runs counter to the company's privacy policies and would violate the West Virginia Consumer Credit and Protection Act's provisions against unfair or deceptive acts.
The deal will comprise a cash consideration of $461 million, subject to adjustment, and a CAN$15 million payment-in-kind notice bearing interest at 5% per annum and due on the eighth anniversary of the closing date. "We are confident that combining Cadillac Jack with AGS presents a strong opportunity to expedite the company's growth strategy, while at the same time crystallising on the strong value created in the business to benefit Amaya's shareholders."
Product demonstrations will be available at booth #921. The survey questions in the game come directly from the show, and by choosing the most popular answers players can affect the outcome of the bonus game and win more credits. Live updates and pictures from the AGS booth will be available on the Company's Facebook and Twitter pages.
The Federal Trade Commission (FTC) approved a final order, following the period for public comments, in a matter in which the FTC accused MPHJ Technology Investments, LLC of violating the FTC Act by deceptively asserting rights under patents in an attempt to generate revenue by coercing small businesses to purchase licenses to the patented technology.
The Montreal-based company said the buyer is AGS, an affiliate of funds managed by Apollo Global Management. AGS will give Amaya $461 million in cash and a $15-million note due on the eighth anniversary of the deal closing for the shares of Amaya Americas Corp., the indirect parent of Cadillac Jack. "We are confident that combining Cadillac Jack with AGS presents a strong opportunity to expedite the company's growth strategy, while at the same time crystallizing on the strong value created in the business to benefit Amaya's shareholders," he stated in a news release.
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As major lenders compete to own the electronics retailer, attorneys general (AGs) are bringing attention to the presence of data for 117 million customers in RadioShack's assets. RadioShack does not plan to include the data in its sale, according to Elise Frejka, the lawyer appointed to handle the information. The two parties competing to own RadioShack are Standard General and Salus Capital Partners, according to the Wall Street Journal.
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This is the company's second attempt to hit the capital market. The firm would garner up to Rs 400 crore by issuing fresh equity shares, while private equity firm TPG Capital, Oriole Ltd and the company's promoter Ravi B Goyal would rake in up to Rs 950 crore through the sale of existing shares, according to draft documents filed with Securities and Exchange Board of India (Sebi).
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