Insider $ting
John Kinnucan, the expert networker sentenced to more than four years in prison for passing tips to hedge fund clients, should pay a triple penalty in a civil case because of his “egregious” behavior, the SEC said.
Empire battle
Owners of the Empire State Building are fighting over a plan to make the 102-story tower the centerpiece of a new public company.
Burkle buddy
Silicon Valley software tycoon Vivek Ranadive is joining billionaire Ron Burkle and health-club financier Mark Mastrov in an effort to keep the Sacramento Kings from moving to Seattle.
$2.4B payday
McGraw-Hill has completed the sale of its education unit to Apollo Global for $2.4 billion in cash. Some of the proceeds from the transaction will fund share buybacks.
Madoff deal
District Judge Victor Marrero said he will approve an $80.3 million settlement between Fairfield Greenwich Group, a “feeder fund” that channeled money into Bernard Madoff’s Ponzi scheme, and investors who lost money.