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Hospitality

  • September 23, 2011

    Dallas Stars Get Green Light For Auction

    A Delaware bankruptcy judge on Thursday approved a plan for the National Hockey League's Dallas Stars LP to be sold at auction with Vancouver, Canada-based businessman Tom Gaglardi's $265 million bid as the stalking horse.

  • September 23, 2011

    Judge OKs $2.7M Deal To End Rent-A-Center Wage Action

    A California judge on Friday signed off on a $2.7 million deal between Rent-A-Center Inc. and a class of 2,600 store managers who said the rent-to-own giant misclassified them as exempt from the state's overtime wage laws.

  • September 23, 2011

    Cracker Barrel Hopes Poison Pill Halts Investor

    Cracker Barrel Old Country Store Inc. said Friday it had adopted a poison pill over threats that its largest shareholder, a vocal critic of the company's management, could acquire a significant and possibly controlling position in the restaurant chain.

  • September 22, 2011

    Judge OKs Fraud Claims Over KPMG Audit For Sports Owner

    A New York state judge ruled Thursday that fraud claims could remain in a case alleging that a 2008 audit by KPMG LLP allowed Dallas private equity investor and former Texas Rangers owner Tom Hicks to cheat lenders out of $525 million in debt.

  • September 22, 2011

    American Must Put Fares On Orbitz: Ill. Appeals Court

    An Illinois appeals court on Wednesday affirmed an order mandating that American Airlines Inc. post its fares on the website of Orbitz Worldwide LLC, weighing in on an ongoing contract and antitrust fight between the airline and an Orbitz owner.

  • September 22, 2011

    BPP Rips Citizens Bank's Objections To Ch. 11 Plan

    Bankrupt hotel operator BPP LLC blasted objections to its reorganization plan Thursday, saying Citizens Bank of Pennsylvania based its protests on a questionable expert with an agenda.

  • September 22, 2011

    Travelport Lays Out Prepackaged Ch. 11 Plan

    Travel reservation system provider Travelport Holdings Ltd., the largest shareholder of Orbitz Worldwide Inc., on Wednesday laid out a possible prepackaged Chapter 11 plan in a regulatory filing with the U.S. Securities and Exchange Commission.

  • September 21, 2011

    Cracker Barrel Denied Coverage Of EEOC Suit Costs

    A Tennessee federal judge has held that Cracker Barrel Old Country Store Inc.'s insurer is not responsible for its legal costs stemming from a U.S. Equal Employment Opportunity Commission lawsuit, according to a ruling made public Wednesday.

  • September 21, 2011

    BofA Wants Off Hook In Debit Card Fee Class Action

    Bank of America NA on Monday asked a California federal court to toss a proposed class action brought by debit card users, arguing it did not deceive consumers by charging monthly service fees they had contractually agreed to pay. 

  • September 21, 2011

    Liberty Media Can Split Off Assets: Del. High Court

    Delaware's top court on Wednesday affirmed a decision greenlighting Liberty Media Corp.'s split-off of assets connected to the stock of subsidiaries Liberty Capital and Liberty Starz, despite objections from bondholders' trustee the Bank of New York Mellon Trust Co. NA.

  • September 21, 2011

    Ex-DOJ, FTC Antitrust Heads Spar Over Google's Power

    Two former antitrust enforcers disagreed Wednesday at a Senate hearing over whether Google Inc. has monopoly power over Internet search, as the company's executive chairman tried to reassure lawmakers that the Internet remains a level playing field.

  • September 21, 2011

    Troutman Sanders Adds K&L Corporate Finance Pro

    Troutman Sanders LLP on Wednesday announced that Vincent J. Pisano will join its New York corporate finance group from K&L Gates LLP as a partner.

  • September 21, 2011

    Arenas Takes Suit Over VH1's 'Wives' To 9th Circ.

    Basketball pro Gilbert Arenas on Tuesday appealed a California federal judge's denial of his motion to halt the premiere of VH1 reality show “Basketball Wives: Los Angeles” over allegations of trademark infringement.

  • September 21, 2011

    BCI Aircraft CEO's Bid To Squelch Evidence Rebuffed

    An Illinois federal judge on Tuesday closed the door on an effort by BCI Aircraft Leasing Inc.'s CEO to toss out evidence gained from a search warrant in a criminal case accusing him of helping to rig a $50 million investment scheme.

  • September 20, 2011

    Resort Group Brings Singapore On Board For Ch. 11

    Paulson & Co.-owned MSR Resort Golf Course LLC on Tuesday sought bankruptcy court approval in New York for a crucial truce with a group of Singapore sovereign wealth funds that had vied for ownership of the resort group.

  • September 20, 2011

    Concession Workers Sue Centerplate Over Wages, Breaks

    Food services company Centerplate Inc. violated California labor laws when it failed to provide employee breaks, reimburse uniform costs and pay proper wages, a proposed class action removed to federal court Thursday contends.

  • September 20, 2011

    Ex-Worldwide CEO Cops To Hiding Assets From US Trustee

    The former CEO of mortgage originator Worldwide Financial Resources Co. pled guilty to bankruptcy fraud on Monday in New Jersey federal court, admitting he hid $200,000 worth of assets, including 511 bottles of wine worth roughly $45,000, from the U.S. trustee.

  • September 19, 2011

    Schmidt To Defend Google In Senate Antitrust Hearing

    Google Inc. Executive Chairman Eric Schmidt will go before a U.S. Senate subcommittee Wednesday to defend the company from critics who say it is abusing its dominant position in the Internet search market, as Google faces increased scrutiny from U.S. and European competition regulators.

  • September 19, 2011

    2nd Possible Bidder Emerges For Dallas Stars

    Vancouver businessman Tom Gagliardi could have competition to buy the bankrupt Dallas Stars, with a lawyer for Chuck Greenberg — formerly the Texas Rangers' CEO and part-owner — saying Monday that his client was interested in the National Hockey League team.

  • September 16, 2011

    Dodgers Seek To End Ch. 11 By Auctioning TV Rights

    The Los Angeles Dodgers Inc. asked a Delaware bankruptcy judge on Friday for permission to auction off the team's television rights, which it says should generate enough cash to pull it out of bankruptcy.