An Ace Ltd. subsidiary agreed Thursday to settle its suit against the developer of the New York Mets' Citi Field alleging the insurer has no duty to defend or indemnify a construction worker's bodily injury suit until the developer pays a self-insured retention.
The developer behind New York's Cassa NY Hotel is on track to emerge from its brief stint in Chapter 11 following the approval of its reorganization plan Friday, three days after negotiating a way to resolve disputes with the hotel's builders.
A Delaware bankruptcy judge on Friday shot down the Los Angeles Dodgers’ bid for $150 million of debtor-in-possession financing from a hedge fund, leaving a pinch-loan from Major League Baseball as the team's only option to finance its reorganization.
The Eighth Circuit on Friday affirmed the dismissal of a putative class action accusing Anheuser-Busch InBev NV of denying pension plan participants enhanced benefits following the sale of its theme park unit to Blackstone Capital Partners VLP.
Wells Fargo Bank NA sued several funds associated with defunct investment firm Babcock & Brown LP for $239 million in Texas federal court on Thursday, saying the funds breached the contract on a mortgage-backed loan secured by 14 apartment complexes.
A Starbucks Corp. food supplier on Tuesday recalled ready-to-eat chicken wraps sold at the coffee chain's locations in Georgia and Alabama after tests showed they may be contaminated with potentially deadly bacteria.
The Los Angeles Dodgers and Major League Baseball feuded in Delaware bankruptcy court Wednesday over who would provide a $150 million loan to fund the team’s reorganization, with the team railing against a league-sponsored alternative as a thinly veiled bid for control of the club.
An Illinois federal judge sentenced the owner and former operator of Harbor Wealth Management LLP on Tuesday to six years in prison for allegedly running an investment fraud scheme that bilked at least 150 investors out of more than $5 million.
The developer behind New York's newly built Cassa NY Hotel on Tuesday cleared a major stumbling block in its bid to emerge from bankruptcy, negotiating a way to resolve disputes with the hotel's builders.
The New York Times Co. sued Webvention LLC in Delaware on Monday to avoid becoming the latest defendant in a series of suits the intellectual property licensing company has filed to enforce a data-organization patent.
A Delaware federal judge on Monday dismissed a patent infringement suit against Facebook Inc. brought by Walker Digital LLC — a company led by the founder of Priceline.com Inc. — after both parties agreed to drop the case over online ads.
Unsecured creditors of the Los Angeles Dodgers LLC told a Delaware bankruptcy judge on Monday that a $150 million financing offer from hedge fund firm Highbridge Capital Finance LLC is inferior to a competing pitch by Major League Baseball.
A Colorado federal judge on Thursday declined to dismiss a putative collective action accusing Pizza Hut Inc. of stiffing delivery drivers on auto expense reimbursements, but trimmed a claim that the company had violated the minimum wage laws of several states.
Perkins & Marie Callender’s Inc. said Friday in Delaware that it hoped to exit bankruptcy in the fall by implementing a restructuring agreement with its secured creditors and issuing equity to unsecured noteholders to whom it owes $204 million.
Fresh off its winning bid for Dollar Thrifty Automotive Group Inc., an acquisition-minded Hertz Global Holdings Inc. said Monday it would buy corporate fleet manager Donlen Corp. for $930 million.
Major League Baseball on Thursday enhanced its bid to finance the Los Angeles Dodgers during its time in Delaware bankruptcy court by offering a longer repayment that would allow the team time to negotiate a new TV contract with Fox.
McDonald's USA LLC, Coca-Cola Co., and 15 other food and beverage producers on Thursday agreed to comply with an industry plan to reduce the amount of calories, sodium, sugar and fat contained in products advertised to children by 2013.
A federal judge in California on Thursday ordered a former associate at TPG Capital LP to fork over $112,000 for providing inside tips on planned acquisitions to a group of investors, a far cry from the $1.5 million requested by regulators.
A Michigan country club slapped DuPont Co. with a class action Friday in Delaware claiming that Imprelis — an herbicide the company touted as environmentally friendly — killed thousands of mature pine and spruce trees.
Lawyers for a group of Virginia residents seeking $1 billion in damages from Dominion Virginia Power for alleged exposure to coal ash said Thursday they plan to refile the lawsuit with new claims after a state judge partially dismissed the complaint.