The weekend's almost here. Apollo Global Management and Leon Black, its billionaire CEO, will have an outside law firm investigate the financiers ties to convicted sex offender Jeffrey Epstein. For years, reports have circulated about the ties between Black and Epstein. Meanwhile, Black has maintained his relationship with Epstein was limited. However, a recent report by The New York Times seems to have pushed Apollo to conduct a thorough examination. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Tune in on Tuesday, October 27 at 12:00 pm ET for a virtual event sponsored by Salesforce, looking at how Professional Services firms are navigating and driving growth during the COVID-19 era. Register here. Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. A firm that backs big-money lawsuits says its US listing is a big stamp of approval. Yoonji Han has an interesting look at Burford Capital, a litigation finance firm that started trading on the New York Stock Exchange on Monday. Litigation funders invest in lawsuits, getting a cut of the payout if the suit is successful. Burford's listing on NYSE opens the door for more of these firms to raise capital via public channels. The result could be them becoming more mainstream. Click here to read the entire story. |
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