Private equity shop Excel Group said Tuesday it has sold a portfolio of four Florida hotels totaling 469 rooms to an unnamed buyer for $58.5 million in the firm’s second major transaction this year. Legal counsel Morris Manning & Martin LLP said it guided the sale, which was a joint venture between Excel and investment management company Westport Capital Partners LLC.
A California federal judge reined in litigation accusing Starbucks of underfilling hot beverages Tuesday, saying a quick win is appropriate on allegations about the size of the company’s warm drink cups and that other recently advanced arguments exceed the scope of the latest complaint.
The Pennsylvania Supreme Court on Wednesday agreed to hear a set of appeals over the city of Pittsburgh’s authority under state law to enact ordinances requiring employers to provide paid sick leave to their workers and mandating security training and procedures in certain commercial buildings and public spaces.
Edward Herzstock and his company Revleap voiced their opposition Tuesday in California federal court to company co-founder Alec Farwell’s bid to help Yelp Inc. reopen a case alleging Revleap undermined Yelp by publishing fake positive reviews, saying Farwell is an unreliable party who embezzled funds from Revleap.
The former CEO of a western Pennsylvania golf resort on Wednesday pled guilty to stealing money from the facility and dodging federal income taxes, according to the acting U.S. attorney for the Western District of Pennsylvania.
The company behind the popular Motorino pizzerias in New York City and abroad was hit with a wage-and-hour suit Tuesday in federal court by former delivery drivers who claim they had been tasked with performing tip-exempt duties such as washing dishes and mopping floors, even though they weren’t paid minimum wages.
A Blackstone lending arm has reportedly loaned roughly $650 million for a New York condo tower project, Centennial Bank is said to have loaned $17.66 million for a Florida hotel project, and Siren Studios has reportedly sold its Los Angeles office and retail campus for about $60 million.
The owners of a Los Angeles hotel lost another “pointless” round of litigation on Tuesday, after the Seventh Circuit affirmed a lower court’s ruling that found a $9 million dollar arbitration award to Hyatt in a breach of contract dispute rested on rock-solid legal foundations.
A Pennsylvania federal judge signed off Tuesday on two Philadelphia restaurants’ agreement to pay about $830,000 in back wages and damages to more than 150 workers following a wage and hour investigation by the U.S. Department of Labor.
An Illinois appellate court said a $25 million settlement of a lawsuit over a yachting accident should go forward despite improper communication between a court clerk and the injured man’s attorney while the case was on trial, saying Monday the attorney’s behavior isn’t enough to torpedo the deal.
Cipriani Group Inc. filed suit in New York federal court Monday alleging that the new owner of rival Italian food purveyor Cipriani’s Pasta & Sauce Inc. is infringing the luxury group’s trademarks and damaging its reputation in violation of an earlier settlement between the two similarly named companies.
The D.C. Circuit on Monday backed a lower court’s decision to toss a California county’s suit challenging a U.S. Department of the Interior decision supporting a proposed tribal casino, saying the tribe and the county agreed in a 1987 deal that the tribe would be treated as a federally recognized reservation.
An insurance company on Monday urged the Fifth Circuit to find it doesn’t have to provide liability coverage to a Texas shopping center landlord for failing to complete commercial lease negotiations with a new restaurant on time, arguing a lower court wrongly equated a right to occupy with occupancy itself.
Arby’s Restaurant Group Inc. has agreed to buy Buffalo Wild Wings Inc. from private equity firm Roark Capital Group for $157 per share, the companies said on Tuesday, in a deal with an enterprise value of roughly $2.9 billion.
Attorneys for a Diamond Resorts International shareholder told Delaware's Supreme Court on Monday that a vice chancellor misjudged the importance of Diamond’s founder’s undisclosed opposition to a $2.2 billion sale to private equity firm Apollo in dismissing a putative class suit claiming that stockholders weren't fully informed about the deal.
Illinois-based janitorial services company The Millard Group Inc. sued two of its former employees in Illinois federal court Sunday, claiming one longtime executive stole trade secrets from Millard in order to benefit a competitor, and another employee broke his noncompete agreement in order to work for the same competitor.
Germany’s competition watchdog has blocked CTS Eventim AG from acquiring a majority stake in a Berlin-based booking agency and tour promoting group, dealing another blow to the ticketing giant, which is facing a separate proceeding alleging it may be abusing its dominant position.
The Seventh Circuit has ruled that four of the nation’s biggest online travel agencies do not owe back taxes to 13 Illinois cities that alleged they had been underpaid hotel taxes collected on rooms booked via the internet services.
The Second Circuit has denied a request from Google, Netflix and other media industry heavyweights to appear at oral arguments in the U.S. Department of Justice's dispute with Broadcast Music Inc., saying the companies should offer feedback to the court by letter instead.
Restaurant chain Bob Evans urged an Ohio federal court on Monday to toss a proposed class's wage-and-tips collective action under the Fair Labor Standards Act, arguing the employees' claims fail because they never said they received less than full minimum wage during a workweek.
Financial Crisis Anniversary
The role of the general counsel has significantly grown in importance, with the GC now often replacing the senior partner in the outside law firm as the primary counselor for the CEO and the board. This inside counsel revolution was given great impetus by the financial crisis that started 10 years ago, says Ben Heineman Jr., former general counsel of General Electric Co.
There has been much discussion of discovery proportionality in federal litigation since the December 2015 changes to Civil Rule 26. But arbitrators have long used procedures to simplify the discovery process that courts have only recently begun to adopt, says attorney and arbitrator Richard Seymour.
Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.
Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.
In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.
Many employers are seeing an increase in requests for religious accommodations. Several recent court decisions and statistics from the U.S. Equal Employment Opportunity Commission provide insight into the rise in claims related to these requests, and the importance of employers understanding their obligations to accommodate, say Barbara Hoey and Alyssa Smilowitz of Kelley Drye & Warren LLP.
The Federal Communications Commission is currently assessing whether to adopt new federal 911 rules for enterprise communication systems. It is also considering auctioning off desirable toll-free 800 numbers, which could make it more expensive for companies to obtain such numbers, says Michael Pryor of Brownstein Hyatt Farber Schreck LLP.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
There are lessons to be learned in how this year's hurricane readiness and response plans stood up to Hurricanes Harvey, Irma and Maria. Many in the hospitality industry are working to incorporate these lessons and revise their readiness plans before the next storm hits, says Karl Heisler of Katten Muchin Rosenman LLP.
While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.