The Sacramento Kings have reached a tentative deal for a new $387 million arena and have agreed to stay in their namesake city after months of negotiations and a push to move the NBA team south to Anaheim, Calif., a spokesman for Sacramento Mayor Kevin Johnson confirmed Monday.
An aircraft appraisal expert testified Monday in Illinois federal court that AAR Corp. bagged fair prices in two multimillion-dollar deals with BCI Aircraft Leasing Inc., transactions the government alleges were tainted by bribes paid by a BCI executive now charged with defrauding investors.
Los Angeles Dodgers LLC has determined which bidders in its Chapter 11 bankruptcy sale will move forward for approval by Major League Baseball, setting the stage for an estimated $800 million auction of the team by April, the Dodgers announced Monday.
The developers behind the upscale Ritz-Carlton Residences at L.A. Live were hit with a putative class action in California state court Wednesday by a disgruntled resident accusing them of misrepresenting the sizes of the units and forcing buyers into illegal one-sided purchase agreements.
Several major law firms have bulked up their real estate groups in and around Los Angeles in recent months with plans to expand even more over the next year, as they prepare for an expected rebound in commercial development.
Sports trading card maker Panini America Inc. on Thursday hit rival Leaf Trading Cards LLC with a suit accusing it and its president Brian Gray of using Kevin Durant’s autograph in signature stickers that allegedly violate Panini’s exclusive license agreement with the NBA star.
Former Los Angeles Dodgers manager Joe Torre and a real estate developer have backed out of bidding for the team, citing current owner Frank McCourt’s refusal to include parking lot assets in a bankruptcy sale, according to a letter published Thursday.
McDonald’s Corp. sought Thursday to nix a proposed racial discrimination class action brought by three corporate employees in Illinois, arguing the workers have failed to demonstrate a common claim of discrimination as required under the U.S. Supreme Court’s recent Dukes decision.
Billionaire Steve Wynn booted his former friend and business partner Kazuo Okada from the board of his Macau casino company on Friday over allegations the Japanese tycoon bribed gambling regulators in the Philippines and elsewhere.
The owners of the New York Mets argued Thursday that the $386 million case brought against them by Bernard L. Madoff's bankruptcy trustee can be tossed without trial, saying there is no evidence the men knew about Madoff's fraud.
Starbucks Corp. urged the Second Circuit on Wednesday not to revive a putative class action brought by assistant managers who claim the chain denies them their portion of pooled tips, maintaining that New York state law does not entitle them to a share.
Wells Fargo Bank NA sued defunct investment firm Babcock & Brown LP and related funds Thursday, saying a $198 million mortgage loan backed by 17 apartment complexes went into default after the companies failed to make a payment on Feb. 10.
Bankrupt resort operator MSR Resort Golf Course LLC won more time Thursday to exclusively file a restructuring plan while it continues to battle a Hilton Worldwide Inc. unit over a property management deal.
Basketball icon Michael Jordan has sued Chinese sportswear and footwear manufacturer Qiaodan Sports Co. Ltd. over the unauthorized use of his name and identity, he said Thursday.
The Natural Resources Defense Council sued the U.S. Environmental Protection Agency in the D.C. Circuit on Thursday, seeking to force action on a 2008 request to ban Agent Orange ingredient 2,4-D, a widely used pesticide linked to cancer and other health problems.
In connection with a securities offering, it is important to produce disclosure documents that highlight material issues affecting the issuers on topics that perhaps have not previously been discussed. Educating issuers on the value and purpose of disclosure has assisted in improving it, says Suzanne Mayes, co-chairwoman of Cozen O'Connor's public and project finance practice group.
Wynn Resorts Ltd.'s top shareholder, who has already sued the casino operator to examine records over his investments, vowed more litigation Tuesday over Steve Wynn's recent move to unilaterally cash out his shares over allegations that he violated anti-corruption laws.
Investment funds advised by Citigroup Inc.'s venture capital arm and Dubai-based Levant Capital Ltd. have closed a $100 million deal to jointly acquire a controlling stake in one of Saudi Arabia's biggest supermarket chains, the companies said Wednesday.
The Screen Actors Guild and the players’ associations of the major professional sports leagues on Friday asked the Third Circuit to reverse a ruling that the First Amendment protects Electronic Arts Inc. in a proposed class action over EA’s use of college athletes’ likenesses in video games.
An attorney for a Chubb Corp. affiliate told a New York state appeals court Wednesday that the insurer shouldn't have to pay Starwood Hotels & Resorts Worldwide Inc.'s defense costs for a lawsuit stemming from construction cost overruns at a Florida hotel.