Law

Ex-Bank of America Executives Win Dismissal of Some SEC Claims on Appeal Two former Bank of America Corp. executives won dismissal of claims by securities regulators that they could be held liable for allegedly false statements made to clients of the bank’s Columbia Management Group unit.

Oaktree Capital Is Poised to Take Over Almatis in Debt-For-Equity Exchange Oaktree Capital Management LLC, the investment fund with about $73 billion under management, is set to take control of Almatis from Dubai International Capital LLC under the terms of a $1 billion debt restructuring.

China Requires 50% Down Payment for Land Purchases, Deposits for Auctions China is requiring a down payment for land purchases equal to 50 percent of a plot’s price and prohibited the supply of land for villas as the government sought to increase affordable housing.

Brazil Prosecutors Seek Tax Probe Against Central Bank President Meirelles Brazil’s Prosecutor General asked the Supreme Court to pursue an investigation into alleged tax crimes by Central Bank President Henrique Meirelles, according to the high court’s docket posted on its Web site.

Personality Hotels Files for Bankruptcy Court Protection in San Francisco The owner of two San Francisco boutique hotels and an affiliate owning a third property filed for Chapter 11 bankruptcy court protection.

Goldman Says Canwest Noteholders Abuse Bankruptcy Process, Files Appeal Goldman Sachs Group Inc., which holds an economic majority stake in Canwest Global Communications Corp.’s specialty television business, sought the annulment of Canwest’s sale to Shaw Communications Inc.

Bloomberg Law