Investors in Global A&T Electronics, including private equity firms Blackstone Group and Farallon Capital Management, has filed a class suit against the company, seeking the reversal of a $500 million debt swap deal.
Former senior executive of Bechtel Corp Asem Elgawhary has been formally charged eight counts of money laundering and fraud-related charges by federal prosecutors in Maryland, according to an indictment made public.
Department of City Planning general counsel David Karnovsky will be looking forward to a new career at top law firm Fried Frank Harris Shriver & Jacobson after working in the city government in the last 15 years.