Anheuser-Busch InBev has reached a definitive agreement to sell its U.S. theme parks to private equity firm The Blackstone Group for up to $2.7 billion as part of the beer giant's ongoing plan to execute $7 billion in noncore business divestitures.
New plaintiffs have been added to a putative class action brought by Starbucks Corp. baristas who accuse the coffee chain of wrongly sharing tips between servers and managers, building momentum for the case a month after the California Supreme Court declined to weigh in on an appellate reversal of a judge's $105 million award to 120,000 current and former employees in a different suit.
As a civil lawsuit continues to unfold, a federal grand jury is also reportedly looking into whether criminal charges should be brought against several Hilton Worldwide executives accused of stealing confidential information from rival hotel chain Starwood Hotels & Resorts Worldwide Inc.
Bankrupt Trump Entertainment Resorts Inc. and a committee of disgruntled noteholders have upped the ante in their competing restructuring proposals for the gaming company, with Donald Trump and a bank offering to pitch in an additional $13.9 million for creditors and the noteholders offering $50 million more in fresh capital.
A federal district judge has allowed a former Starbucks Corp. worker to seek a circuit court opinion on whether her putative class action alleging the coffee chain habitually pays discharged employees later than California law requires should be remanded to state court, where she originally filed the suit.
A private equity firm has become the second stakeholder in the Six Flags Inc. bankruptcy to shoot down management's proposal to turn the majority of the theme park operator over to lenders, putting forward a reorganization plan that would keep control in the hands of existing shareholders.
A federal judge has denied former Starbucks Corp. baristas' bid for class certification in a suit claiming the coffee giant violated Minnesota state law by forcing them to pool their tips weekly with other baristas and management.
A small Dallas-area pizza chain has won a victory in a trademark battle against Domino's Pizza LLC, as a federal appeals court has overturned a lower court's ruling that Domino's did not infringe the chain's "Brooklyn-style pizza" marks.
NextEra Energy Resources LLC has announced it will purchase three wind projects from Babcock & Brown for a total of $352 million.
Intellectual property holder CIVIX-DDI LLC has asked a judge to disqualify Morrison & Foerster LLP from its representation of Yahoo Inc. in a suit alleging infringement of database access-related patents, contending that the firm improperly participated in a re-examination of the patents-at-issue and violated a protective order.
A federal judge has partially dismissed Taiwanese MP3 player maker Luxpro Corp.'s claims accusing Apple Inc. of attempting to unlawfully monopolize the global MP3 player market through litigation and threatening letters to Luxpro's business partners.
Station Casinos Inc. has objected to a proposed probe by its unsecured creditors into the transactions that transformed the now-bankrupt casino operator from a public to a private entity, contending that it already has spent $3 million investigating the going-private deals.
Owners of Detroit-area Dunkin' Donuts franchises sued by their parent company for allegedly breaching contracts have fired back at the popular doughnut and coffee chain, claiming Dunkin' Donuts' plans to expand in Detroit will put them out of business.
Starbucks Inc. is aiming to snuff out a putative class action alleging that the company doesn’t allow employees at its California stores to take proper meal breaks, preemptively asking a federal judge to deny class certification.
Mikhail Prokhorov, Russia's richest person, on Wednesday agreed to buy a majority stake in the New Jersey Nets basketball team and a minority stake in a new arena to be built for the team in New York from real estate company Forest City Enterprises Inc. and its New York subsidiary Forest City Ratner Cos. Inc.
Exchange offers have proliferated as companies seek to lighten their balance sheets amid a difficult credit environment, but while the deals may seem like an attractive way to reduce liabilities, they require careful negotiating and can be sidelined by complications, attorneys say.
The U.S. Bankruptcy Court for the District of New Jersey has agreed to appoint a Chapter 11 examiner in the Trump Entertainment Resorts Inc. bankruptcy case, plucking a partner from Covington & Burling LLP's ranks to serve in the role.
The advocacy group Physicians Committee for Responsible Medicine has sued fast food chicken chain KFC Corp., alleging that laboratory tests of its grilled chicken revealed the presence of a known carcinogenic chemical.
Georgia-Pacific Consumer Products LP and paper towel maker Von Drehle Corp. have appealed a district court ruling that struck down both Georgia-Pacific's claims that Von Drehle Corp. infringed on its trademark for the EnMotion paper towel dispenser and Von Drehle's counter-claims that Georgia-Pacific engaged in tying and anti-competitive practices.
A retirement fund serving union employees of bankrupt affiliates of Trump Entertainment Resorts Inc. has objected to a disclosure statement filed by certain secured noteholders, contending that the statement doesn't specify the preservation of collective bargaining agreements.