Wynn Resorts has reached an agreement with Elaine Wynn, the company’s largest shareholder and co-founder, that sees the appointment of a new chairman of the board with her seal of approval and an end to the fight for control of the company, according to a Monday regulatory filing.
A New York federal judge on Tuesday partly dismissed a suit by the founders of XpresSpa accusing the company’s board and Form Holdings Corp. executives of misleading them into approving Form Holdings' acquisition of the airport spa business, tossing most of the case but letting stand two Exchange Act claims.
A Pennsylvania restaurateur has settled his defamation case against the Philadelphia Business Journal, which had allegedly published social media posts in 2017 falsely implying he had been jailed.
A Florida federal judge on Tuesday certified a class of former Marriott International Inc. workers suing over allegedly deficient notices about their rights to continued health care coverage under the COBRA act, ruling that they all suffered the same potential injury.
Mack Real Estate Credit Strategies has reportedly loaned $125 million for a Brooklyn residential and retail project, Midtown Capital is said to have bought a Florida office property for $14.75 million, and Riviera Resort Club Developers is said to have sold a shuttered Florida hotel for $17.27 million.
CookieCon founder Karen's Cookies has dropped its infringement lawsuit in Utah federal court against two California event groups it had accused of misusing its trademark, saying the parties have settled the dispute.
Philippines President Rodrigo Duterte will cancel the lease of a $1.5 billion casino and resort development to be built by Landing International Development Ltd. in Manila's Entertainment City precinct, his spokesperson said Tuesday.
An Illinois federal judge tripled a jury’s $105 million award to $315 million Tuesday, following the panel’s verdict for Shuffle Tech LLC and three other companies who accused Scientific Games Corp. of initiating sham litigation to assert invalid patents and keep its automatic card-shuffler competition out of the market.
A Nevada federal judge ruled Monday that U.S. Fire Insurance Co. doesn’t have to cover a Las Vegas strip club’s costs to reimburse funds that its employees stole from customers by overcharging their credit cards, holding that the insurer’s crime policy doesn’t apply because the club didn’t suffer a direct loss of its own money.
Shuffle Tech LLC’s counsel urged a federal jury Monday not to buy into the idea that its CEO is a “loser and a liar” when it comes to his company, saying he is actually a victim and Scientific Games Corp.'s characterization was “just the arrogance of a monopolist and their attorneys.”
A Washington federal judge on Monday tossed Expedia's bid to dismiss budget airline Ryanair's suit against the travel booking website accusing it of unauthorized data scraping, ruling Expedia failed to show that Ireland is a proper venue for the case.
Ace American Insurance Co. hit back on Monday against the Statler Hotel in a Texas suit alleging Ace underpaid insurance claims during the hotel’s $250 million renovation, arguing that several of the hotel’s insurance claims fell under exemptions and that Ace had overpaid the hotel nearly $1 million in advance payments.
Blackstone is reportedly leasing out roughly 25,000 square feet in Chicago to e-commerce software firm Shoprunner, Mautner-Glick is said to have sold six New York buildings to a developer for $232 million and Bank OZK has reportedly loaned $28.48 million for a Florida Hilton project.
Meal kit delivery service Blue Apron is facing another proposed securities class action after investors claimed in New York state court that it hid production slowdowns and staffing problems that ultimately drove down its stock price after its initial public offering.
Investors in Amaya Inc. told a New Jersey federal court that they’d reached a $5.75 million settlement with the gambling giant over allegations that the value of Amaya’s stock price took a nosedive after regulators filed insider trading charges against its CEO.
Two women have accused Rivers Casino in Pittsburgh of zooming in on their cell phones with its security cameras to record their private information, then sharing that information with one plaintiff’s ex-husband, according to two lawsuits filed in Allegheny County court.
The owner of Real Mex Restaurants filed for Chapter 11 protection in Delaware on Sunday citing increased wage and commodity costs and extensive competition as it aims to sell the chain’s remaining restaurants to private equity firm Z Capital Group for $47 million.
A California judge on Monday declined to preliminarily approve smoothie chain Jamba Juice's $1.95 million deal resolving allegations that it forced roughly 5,500 employees to work off the clock, saying she needs more detail about the claims being released before she can sign off on the settlement.
A Colorado federal judge on Friday trimmed nearly 3,000 Chipotle Mexican Grill workers from a collective action accusing the company of not paying hourly employees for off-the-clock work since they had signed arbitration agreements that barred them from pursuing claims collectively.
A D.C. federal judge tossed Friday a proposed class action against Centerplate accusing the sports concessionaire of violating the Fair and Accurate Credit Transactions Act by printing a consumer’s entire 16-digit card number and expiration date on printed receipts, ruling that the court lacks subject-matter jurisdiction.
The recent emergence of artificial intelligence-based technology has prompted serious concerns about the future integrity of recordings. Attorneys must think critically about standards for authenticating audio and video evidence as well as legislative and regulatory safeguards to discourage pervasive manipulation and forgery, says Jonathan Mraunac of Ogletree Deakins Nash Smoak & Stewart PC.
Courtesy of the “grand bargain” legislation, significant changes are coming to Massachusetts employment law. Among other new requirements, employers should prepare for increases in the state minimum wage rates, revisions to tipped employees’ wages, and a new state-administered paid family and medical leave program, says Sean O’Connor of Morgan Brown & Joy LLP.
While I read with interest Law360's report analyzing the top 20 global law firms of 2018, I also noticed it doesn't tell the whole story. Global networks of independent law firms compare favorably with multinational firms in terms of geographic coverage, legal expertise, and awareness of local cultures and customs, says Glenn Cunningham of Interlaw Ltd.
Hollywood doesn't have regulators breathing down its neck the same way the financial services sector does, but that is why the film industry needs to initiate vendor and risk management processes and protocols on its own, even more than the banks do, say Don Andrews of Reed Smith LLP and Michael Gould of Gould & Gould LLP.
People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.
An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.
In MDC v. Eighth Judicial District Court, the Nevada Supreme Court clarified the conditions under which Nevada employees may pay a lower tier minimum wage. However, the court also created a potentially confusing new requirement defining health insurance under the state's minimum wage amendment, say Rick Roskelley and Kathryn Blakey of Littler Mendelson PC.
As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.
Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.
Earlier this month, the California Supreme Court ruled in Hassell v. Bird that Yelp could not be ordered to remove negative reviews of a law firm that were found to be defamatory. While the decision is a victory for internet platforms and websites, the scope of immunity under the Communications Decency Act has not been fully drawn out, says Pooja Nair of TroyGould PC.