Free Republic

Excerpt - The two proposed buyers of Clear Channel Communications filed two lawsuits on Wednesday against six banks that agreed to finance the company’s $19.5 billion buyout. Bain Capital and Thomas H. Lee Partners, two private equity firms, sued the bank consortium in New York state court for breach of contract, accusing them of refusing to honor their commitment to finance the deal. Additionally, the two firms and Clear Channel itself sued the banks in Bexar County, Texas, where the broadcaster is based, accusing the banks of interfering with the closing of the takeover. ~ snip ~

A familiar face from a past economic disaster could be on the verge of profiting off the current Silicon Valley Bank calamity. SVB, taken over by the Federal Deposit Insurance Corporation at the request of California regulators, is arguably the second-biggest bank failure of its kind in America — but that clearly doesn’t mean there aren’t ways to capitalize off of its collapse. According to a report from Bloomberg, the managers of the investment banking arm of Silicon Valley Bank, SVB Securities, are seeking a “management buyout of the business.” They are reportedly looking to expedite a deal because regulators...

Former First Lady Hillary Clinton paid tribute to billionaire finances Thomas H. Lee at his Manhattan memorial – calling him a 'constant presence' in her life. Her husband and former president Bill Clinton also attended the service at the Lincoln Center for Performing Arts on Monday morning. Lee, who was once known as the 'envy of Wall street', shot himself inside the bathroom of his family office on Fifth Avenue on Thursday, with the city medical examiner ruling his death a suicide.

"Billionaire private equity financier Thomas H. Lee was found dead in his Fifth Avenue Manhattan office on Thursday, an apparent suicide from a self-inflicted gunshot wound. *** After Hillary flamed out in the 2008 primary against Barack Obama, she and Bill went to stay at Lee’s East Hampton estate. He was a political donor and bundler for Hillary Clinton including during her 2016 run." I wrote earlier in the week about the unusual news from the police report on former special advisor to Bill Clinton Mark Middleton who was found to have committed suicide last year. The report showed that...

A billionaire financier and investor was found dead of a self-inflicted gunshot wound at his office in New York City. The death of Thomas H. Lee, 78, was confirmed by his family in a statement released on Thursday. Police discovered Lee's body around 11:10 a.m. at his office on Fifth Avenue in Manhattan - where his business Thomas H. Lee Capital, LLC is located. Lee had a net worth of roughly $2 billion at the time of his death, according to Forbes. Lee was the founder and chairman of Lee Equity and had served as chairman and CEO of Thomas...

Today Donald J. Trump released the much-anticipated list of people he would consider as potential replacements for Justice Scalia at the United States Supreme Court. This list was compiled, first and foremost, based on constitutional principles, with input from highly respected conservatives and Republican Party leadership. Mr. Trump stated, “Justice Scalia was a remarkable person and a brilliant Supreme Court Justice. His career was defined by his reverence for the Constitution and his legacy of protecting Americans’ most cherished freedoms. He was a Justice who did not believe in legislating from the bench and he is a person whom I...

Don Willett is a Texas Supreme Court justice:https://en.wikipedia.org/wiki/Don_Willett David Stras is an associate justice on the Minnesota Supreme Court:https://en.wikipedia.org/wiki/David_Stras Allison Eid is a justice on the Colorado Supreme Court:https://en.wikipedia.org/wiki/Allison_H._Eid Joan Larsen is a justice on the Michigan Supreme Court.https://en.wikipedia.org/wiki/Joan_Larsen Steven Colloton is a federal judge who has served on the United States Court of Appeals for the Eighth Circuit:https://en.wikipedia.org/wiki/Steven_Colloton Raymond Gruender is a federal judge on the United States Court of Appeals for the Eighth Circuit:https://en.wikipedia.org/wiki/Raymond_Gruender Thomas Hardiman is a federal judge on the United States Court of Appeals for the Third Circuit:https://en.wikipedia.org/wiki/Thomas_Hardiman Raymond M. Kethledge is a federal judge...

Presumptive Republican presidential nominee Donald Trump has released a list of 11 potential Supreme Court justices he plans to vet to fill the seat of late Justice Antonin Scalia. Trump's picks include Steven Colloton of Iowa, Allison Eid of Colorado and Raymond Gruender of Missouri. Also on the list are: Thomas Hardiman of Pennsylvania, Raymond Kethledge of Michigan, Joan Larsen of Michigan, Thomas Lee of Utah, William Pryor of Alabama, David Stras of Minnesota, Diane Sykes of Wisconsin and Don Willett of Texas. Trump said in March he planned to release the list to ease concerns about his conservative credentials...

Trump's picks include Steven Colloton of Iowa, Allison Eid of Colorado and Raymond Gruender of Missouri. Also on the list are: Thomas Hardiman of Pennsylvania, Raymond Kethledge of Michigan, Joan Larsen of Michigan, Thomas Lee of Utah, William Pryor of Alabama, David Stras of Minnesota, Diane Sykes of Wisconsin and Don Willett of Texas. Trump had previously named Pryor and Sykes as examples of kind of justices he would choose.

The names are at the link.