Bankrupt Six Flags Inc. has rejigged its Chapter 11 reorganization plan to sweeten the deal for creditors, saying sound management and an economic upturn have given it more latitude with lenders.
For a lawyer who is supposed to understand the law, providing advice on franchising in China remains a challenge, says Carl E. Zwisler, a principal in Gray Plant Mooty's franchise and distribution practice group.
Business leaders are hoping the U.S. Supreme Court will grant companies a measure of control in diversity jurisdiction cases by letting them emphasize the location of their corporate headquarters in tests to determine their “principal place of business.” That seemingly simple phrase is at the core of Hertz Corp. v. Friend.
Private equity firm The Blackstone Group has inked a $320 million deal to acquire stakes in two shopping malls owned by Glimcher Realty Trust.
After months of bitter rivalry, bankrupt Trump Entertainment Resorts Inc. and a committee of incensed noteholders have readied competing reorganization plans, leaving it for creditors to soon decide the future ownership of the gaming company.
The U.S. Environmental Protection Agency on Wednesday proposed new labeling for pesticides that it says will prohibit spray drift that can cause adverse health and environmental effects.
Microsoft Corp., Google Inc. and Yahoo Inc. are among more than a dozen high-profile companies targeted in a patent infringement lawsuit over technology for making interactive maps on the Internet.
Starwood Hotels & Resorts Worldwide Inc. has signed an agreement to sell the Bliss spa and product company to Steiner Leisure Ltd. for $100 million as it shifts to concentrating on its hospitality business.
The U.S. Securities and Exchange Commission is reportedly engaging in settlement talks with several large financial firms, including UBS AG and Bank of America Corp., following a recent crackdown by the agency over bid-rigging in municipal bond sales.
A federal appeals court has upheld a lower court's decision to toss Jebaco Inc.'s suit alleging that Harrah's Operating Co. Inc. and Pinnacle Entertainment Inc. conspired to divide and monopolize the Louisiana casino market in violation of federal and state antitrust law.
China Minsheng Banking Corp. Ltd. has announced it will hold an initial public offering on the Stock Exchange of Hong Kong, which will reportedly also see an IPO for gaming company Las Vegas Sands Corp.
Starbucks Corp. will receive $500,000 as part of a settlement with a former executive it accused of breaching a noncompetition deal by taking a job at coffee competitor Dunkin' Brands Inc., the java giant has announced.
Internet retail developer GSI Commerce Inc. has announced plans to add online private sale operator Retail Convergence Inc. — the parent of private sale Web site Rue La La — to its stable, in a deal valued as high as $350 million if post-closing revenue earnouts are reached.
G-III Apparel Group, which operates outlet stores around the country under the Wilsons Leather name, has filed a $300 million mixed shelf registration with the U.S. Securities and Exchange Commission.
A federal appeals court has upheld certification of a class of former Seattle SuperSonics season-ticket holders in a contract lawsuit over the renewal of season tickets when the team was being moved to Oklahoma.
Crowell & Moring LLP has affirmed rumors of its continued westward expansion, announcing on Monday the addition of 29 new attorneys formerly of San Francisco litigation firm Folger Levin & Kahn LLP.
Four online retailers and intervenor Microsoft Corp. have settled claims with a patent holder that accused the firms of infringing three patents relating to Internet catalogs and remote data storage.
A group of current and former assistant branch rental managers for Enterprise Rent-A-Car Co. Inc. are seeking conditional certification for a proposed collective action accusing the company of failing to pay them overtime.
A federal bankruptcy court has ordered Donald Trump and lender Beal Bank to disclose specific details about the stake they hold in bankrupt Trump Entertainment Resorts Inc., in an increasingly contentious battle over the casino company’s restructuring.
A $336 million settlement a class of consumers reached with credit card companies and banks accused of breaching federal and state antitrust laws by colluding to fix foreign currency fees has been granted approval by a federal judge, three years after the defendants put the money away in escrow to repay the plaintiffs.