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Market Impact: 0.48
Mark Walter and Todd Boehly selling stakes in Chelsea Football Club to Clearlake Capital
Source: CNBC
Legal & LitigationRegulation & LegislationCompany Fundamentals
Two of Walter's insurance companies are facing federal criminal and civil investigations over the accounting treatment of approximately $21 billion in financial transactions. The investigations create substantial legal, regulatory and financial-reporting risk for the companies, with potential consequences for capital, operations and investor confidence.
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