The trustee for Bernard Madoff's estate on Thursday estimated that a federal judge's significant cuts to his $1 billion suit against the owners of the New York Mets could result in a $6.2 billion loss in potential recovery for Madoff victims.
A judge gave preliminary approval Tuesday to a $2 million settlement between the 21 Club and a class of its wait staff, who alleged the upscale New York restaurant withheld gratuities and failed to provide proper overtime compensation.
Rye Select Broad Market XL Portfolio Ltd. sought Thursday to have the $400 million clawback suit filed against it by the liquidating trustee of Bernard L. Madoff Investment Securities LLC moved out of New York bankruptcy court, saying jurisdictional questions mandate district court interpretation.
U-Haul International Inc. on Wednesday was hit with a workplace discrimination suit in Tennessee, in which the U.S. Equal Employment Opportunity Commission claims the company allowed supervisors to verbally harass and wrongly terminate a class of employees based on their race.
A New York federal judge on Wednesday sent to arbitration a photographer’s lawsuit against Pearson Education Inc. over the textbook publisher’s alleged unauthorized use of his photos in several science books.
A Texas bankruptcy court approved BPP LLC's second reorganization plan on Wednesday after the bankrupt hotel operator reached a consensus with Citizens Bank of Pennsylvania, which had objected to the first Chapter 11 plan.
The New York federal judge handling Madoff trustee Irving Picard's suit against the owners of the New York Mets said Wednesday that the most the trustee can hope to recover from his action is about $386 million.
Low-ranking creditors of Perkins & Marie Callender's Inc. on Wednesday won a Delaware bankruptcy court's blessing to challenge $72 million in claims that the troubled restaurant chain refused to oppose, including those of its private equity owner, Castle Harlan Inc.
A California federal judge on Monday declined to certify two subclasses in a class action brought by former Taco Bell Corp. workers alleging numerous violations of labor law by the fast-food titan, finding the workers did not meet the requirements for class certification.
A Fox Sports Net Inc. unit on Tuesday sued to stop the Los Angeles Dodgers from selling billions of dollars' worth of broadcast rights through its Delaware bankruptcy proceedings, claiming the move breaches a contract giving the network exclusive negotiation rights.
Sabre Holdings Corp. asked a Texas federal judge on Monday to toss an American Airlines Inc. lawsuit that accuses Sabre of monopolizing the airline booking business, citing a ruling in a New York federal court earlier this month that tossed antitrust claims leveled against the travel services provider by US Airways Group Inc.
The owners of the New York Mets scored a win Tuesday when a federal judge tossed nine of the 11 claims in a $1 billion lawsuit lodged against them by the trustee overseeing recovery for victims of Bernard L. Madoff's Ponzi scheme.
The Los Angeles Dodgers fired back Tuesday against Major League Baseball's attempt to seize control of its bankruptcy, asking a Delaware judge to postpone a hearing while it investigates the league's claims that cash-strapped owner Frank McCourt is improperly calling the shots.
Selling the Atlanta Hawks basketball team and its 19,500-seat arena to private equity and real estate investor Alex Meruelo should have been difficult — the NBA's prime asset, the players, are in the midst of an acrimonious lockout — but a DLA Piper team managed to swing it by cultivating a mutual respect between the buyers and sellers despite the uncertainty hanging over the league.
Adidas AG and the National Basketball Association Inc.'s marketing arm asked an Oregon federal court Monday to trim a licensing company's trademark and unfair competition suit alleging their "We Not Me" advertising campaign infringed its marks, saying the company’s founder lied to obtain the trademarks.
The Fifth Circuit on Tuesday ruled that a Gulf Coast hotel trade group could pursue antitrust claims in federal court against a Mississippi golf course association over competing voucher programs, reversing a lower court’s dismissal for lack of subject matter jurisdiction.
The new standard for motions to dismiss growing out of the U.S. Supreme Court's decisions in Twombly and Ashcroft has been a very welcome development in my practice, says Orin Snyder, co-chairman of Gibson Dunn & Crutcher LLP's media, entertainment and technology practice group, and former Assistant U.S. Attorney in the Southern District of New York.
Reps. Joe Barton, R-Texas, and Edward J. Markey, D-Mass., urged the Federal Trade Commission on Tuesday to investigate online companies' use of so-called supercookies, which can record personal data without users' knowledge.
Beer-making giant MillerCoors LLC sued the New England Patriots in a Massachusetts court on Monday, accusing the football team of reneging on an exclusive sponsorship contract and instead joining forces with its arch rival Anheuser-Busch InBev NV.
Major League Baseball asked a Delaware bankruptcy judge Friday to bar the two law firms representing the Los Angeles Dodgers — Dewey & LeBoeuf LLP and Young Conaway Stargatt & Taylor LLP — from participating in the case, saying they are beholden to owner Frank McCourt and not the team itself.