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Cash-Out Slowdown: Investment Management Corp. of Ontario Ready to Wait for Exits

Toronto, Canada – Private equity firms in Canada have been facing challenges in cashing out of their holdings and returning money to investors. Investment Management Corp. of Ontario is taking a patient approach, preparing for the possibility of a prolonged period without exits. According to Rossitsa Stoyanova, the chief investment officer of the C$77.4 billion ($57 billion) Canadian pension manager, many partners believe that the worst is behind them. Stoyanova emphasizes the importance of patience …

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Lawmakers Considering Increasing Oversight of Indiana Economic Development Corp Amid Growing Bipartisan Frustration

INDIANAPOLIS, Indiana – Indiana lawmakers are exploring the possibility of increased oversight of the Indiana Economic Development Corp. as frustration with the agency grows on both sides of the political aisle. Both Republican and Democratic legislators have raised concerns about the lack of transparency and oversight regarding the IEDC’s activities, especially in relation to the development of the LEAP Innovation and Research District. The creation of the 9,000-acre tech hub in Lebanon, designed to attract …

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Defamation Suit Against Fox Corp. by Smartmatic Denied by New York Judge

NEW YORK, New York – A New York judge has ruled that Fox Corporation must face a $2.7 billion defamation suit filed by Smartmatic, a voting company accused of rigging the 2020 election. The judge denied a motion to dismiss defamation claims against Fox News’ parent company, while also ruling that Smartmatic must face Fox’s counterclaims alleging the defamation claims are intended to suppress free speech. Smartmatic’s lawsuit against Fox and some of its hosts …

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