KKR-Backed REIT

Law360, New York (May 8, 2017, 6:02 PM EDT) -- The U.S. government on Monday said there were grounds to rehear a False Claims Act case against Moody’s Corp. over allegations that it gamed ratings on mortgage-backed securities, arguing that “fraudulent inducement” is a reasonable theory for such cases to proceed.

Law360, New York (May 8, 2017, 10:12 PM EDT) -- The U.S. Securities and Exchange Commission surprised many last week by approving a quadruple-leveraged exchange-traded fund after years of misgivings about highly leveraged products, but experts said it could be the first of many as the agency warms up to often controversial innovation in investment products.

Law360, New York (May 8, 2017, 6:14 PM EDT) -- A shareholder for an Illinois-based engine manufacturer has filed a derivative suit in state court accusing the company’s board of directors of failing to catch financial reporting errors that overstated the company’s earnings by at least $18 million and caused it to be kicked off of the Nasdaq. Sara Rebscher, who says she purchased shares in Power Solutions International Inc.