Market Chatter-Corporate finance press digest

Compton’s first Latino lawmaker finally submits finance forms

government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. * Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia’s second-largest office deal, three sources told Reuters. * KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd’s Hong Kong supermarket chain ParknShop, people close to the matter told Reuters, after their offers failed to meet the company’s expectations. * BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said on Tuesday, quoting people familiar with the matter.

Lawrence Mayor William Lantigua is sued over alleged campaign finance violations

In a separate case, he was convicted on two misdemeanor counts of sending out misleading campaign fliers. Compton’s Latino residents have been trying for decades to get a Latino candidate elected to city office. So it was a joyous moment for some when Galvan won a seat on Compton’s City Council in June. But a few weeks into his term, some are having misgivings about the councilman. Galvan had failed to file any of the required campaign finance disclosures for the primary and runoff elections.

By Andrea Estes and Martin Finucane, Globe Staff Lawrence Mayor William Lantigua is being sued by the state attorney general and campaign finance regulators for alleged campaign finance law violations, in the latest round of trouble for an official who has been dogged by controversy. Lantigua, among other things, allegedly accepted thousands of dollars in potentially illegal cash and corporate contributions, Attorney General Martha Coakley and the Office of Campaign and Political Finance said in a joint statement announcing the lawsuit. aCampaign finance laws ensure the integrity of the electoral system,a Coakley said. aThese disclosures are important to let voters know where candidatesa contributions are coming from and to help them make informed decisions about who to support.a The lawsuit was filed today in Suffolk Superior Court. Also named as defendants were the Committee to Elect William Lantigua and Ana Soto of Lawrence, the committeeas current treasurer.


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