Glasscock also declined to rule on the antitrust count because there were several legal questions over the application of the law and injunctive relief as Delaware has a policy against innovating in sister-states’ laws. Learn more about Equal Employment Opportunity below. It is one of a limited number of non-sovereign money managers globally that have exceeded one trillion d © Nuveen, LLC. Nuveen is the investment management arm of TIAA. Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace. While Miller played prominently in filings, he was not a named defendant.PHC argues its 100% direct placement model offers a unique value and flexibility to borrowers and that Nuveen’s “marketplace vigilantism” is inherently anti-competitive.The case was originally pursued in Delaware Chancery Court given its expertise in corporate laws and the ability to expedite proceedings.In the defamation case, Nuveen is arguing it’s not defamation if allegations are true or opinion. “Some or all of the challenged statements or alleged implications … are true or substantially true, and thus cannot give rise to any claim” and others are opinion and protected by the constitution.The allegations will now play out in Superior Court where PHC filed an amended complaint May 1 and in federal court with the filing of the antitrust allegations in violation of state and federal law. Nuveen Investments started as a municipal bond underwriting company, and eventually turned to asset management. Nuveen says it made its first impact investment in the private markets, where most deals take place, in 1989. The recorded communications ran from April 2018 through January 2019.PHC said the New York court is the proper jurisdiction to pursue the federal antitrust case because the many of the broker-dealers on recorded calls are located in New York and Nuveen’s alleged misconduct has significant impact on competition in New York and the Donnelly Act is a New York law.During the calls, Nuveen told broker-dealers that PHC “fleeced” borrowers and “engaged in predatory lending,” that deals were “rushed” and “covenant-light,” and that it had “evidence of Preston Hollow’s purported misconduct.”Preston Hollow Capital LLC this week intensified its pursuit of action against Nuveen Investments over what one judge has called the municipal titan’s “successful” attempt to damage its smaller rival’s direct lending business.PHC launched its legal fight in Delaware Chancery Court in February 2019 leveling four charges against its rival. Nuveen Securities, LLC., member FINRA and SIPC . Click here for definitions to common financial terms. Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). COMPANY OVERVIEW: Nuveen is the investment management arm of TIAA. Risk factors: Nuveen Global Cities REIT, Inc. is a non-listed REIT, which offers limited liquidity as compared to other products, such as publicly listed REITs. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Glasscock had said questions remained over whether the Donnelly Act authorized injunctive relief for a private plaintiff.PHC is a Delaware limited liability company formed in 2014 with $2.1 billion in assets and $1.3 billion in equity capital. User ID: Password: (Use this button to create a new User ID and Password for your on-line account. As a consequence of integration efforts over the last several years, Nuveen now manage the entirety of TIAA's own capital as well as all capital sourced from third parties. TIAA-CREF is offering a voluntary separation program for 75% of its U.S. employees, which includes employees of Nuveen, TIAA's investment manager.. … PHC had not sought monetary damages in the original case but asked the court for a preliminary and permanent injunction ordering Nuveen to cease the alleged conduct and to order Nuveen to rectify the harm already caused by withdrawing and disavowing retaliatory threats.