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Hospitality

  • May 13, 2011

    Freshfields, Mayer Brown Rep Yum In $861M Hot Pot Deal

    Fast food giant Yum Brands Inc., owner of the KFC, Pizza Hut and Taco Bell chains, said Friday its Chinese unit had offered $861 million to take private a Mongolian-themed hot pot restaurant chain owned by Hong Kong's Little Sheep Group Ltd.

  • May 13, 2011

    Texas Development's Lenders Seek Info On Ch. 11 Plan

    Compass Bank and other secured creditors of the bankrupt Dallas Logistics Hub development demanded more details Wednesday regarding the debtor’s latest reorganization plan, which seeks to scale back the project and shed $60 million in debt.

  • May 12, 2011

    Dollar Thrifty To Help Hertz's $2.2B Buy Clear FTC

    Takeover target Dollar Thrifty Group Inc. will help Hertz Global Holdings Inc. deal with antitrust regulators' objections to Hertz's proposed $2.25 billion acquisition, the car rental company said Thursday — despite its similar cooperation with Avis Budget Group Inc.

  • May 12, 2011

    EEOC Sues Starbucks For Firing Dwarf Barista

    The U.S. Equal Employment Opportunity Commission filed a discrimination suit against Starbucks Coffee Co. on Wednesday in Texas over the coffee giant's alleged firing of a dwarf barista who asked for a stepladder.

  • May 11, 2011

    Coffee Cos. Hit With Suit Over Carcinogen In Brew

    The Council for Education and Research on Toxics launched a suit in California on Monday against more than 40 companies including Starbucks Corp. and Dunkin’ Donuts LLC, accusing them of failing to warn consumers about carcinogens in their coffee.

  • May 11, 2011

    Expedia, Orbitz, Others Sued Over Deal-Finder Patent

    Expedia Inc. and LendingTree LLC were hit Monday with a suit filed in a Delaware court by Alloqate LLC alleging infringement of a patent for technology to search for discounts in online sales.

  • May 11, 2011

    Bankrupt Indianapolis Downs Seeks To Stay $600M Suit

    Casino and racetrack operator Indianapolis Downs LLC launched an adversary complaint in Delaware bankruptcy court Tuesday seeking to block a $600 million contract suit filed by its management company.

  • May 11, 2011

    Garmin, Callaway, Others Sued Over Golf GPS Patent

    GPS Industries LLC sued Garmin International Inc., Callaway Golf Co. and others in Texas on Tuesday, claiming the companies infringe a patent for golf GPS systems.

  • May 10, 2011

    Del. Judge Clears Berkshire's $548M Deal For Wesco

    A Delaware judge on Tuesday rejected arguments in a shareholder class action that a special committee was conflicted in probing Berkshire Hathaway Inc.’s $548 million acquisition of Wesco shares that Berkshire does not already own, allowing the merger to go through.

  • May 10, 2011

    Grand Wailea Owner Seeks Time To Build Ch. 11 Plan

    The owner of the Grand Wailea Resort Hotel & Spa and other luxury resorts asked a bankruptcy judge in New York on Tuesday for more time to put together a reorganization focused on slashing Hilton Worldwide's management fees and selling Miami’s iconic Doral resort.

  • May 10, 2011

    Harry & David Wins Creditor Support For Ch. 11 Plan

    Bankrupt gourmet gift basket company Harry & David Holdings Inc. on Tuesday announced that it had won support from its unsecured creditors and noteholders for a Chapter 11 plan that swaps roughly $200 million in senior debt for new equity.

  • May 10, 2011

    Ex-MLB Star Seeks Lower Bail In Bankruptcy Fraud Case

    Former MLB star Lenny Dykstra, who was indicted Friday on bankruptcy fraud charges for allegedly selling items from his $18 million mansion, asked a California federal court Monday to shave $45,000 off of his $150,000 bond.

  • May 9, 2011

    Alstom To Pay $7M To End Securities Action

    French transport and energy company Alstom SA agreed Monday to shell out $7 million to end a long-running securities fraud class action in New York that accused it and its officers of artificially inflating stock prices.

  • May 9, 2011

    Yankee Stadium Food Workers Cry Foul Over Tips

    A group of Yankee Stadium food service workers hit their employers with a putative class action Monday claiming the companies kept surcharges listed on food menus as gratuities in violation of New York labor law.

  • May 9, 2011

    Art Gallery Accused Of Forgery Plot Seeks Insurer's Help

    An art gallery sued an American International Group Inc. affiliate in Washington state on Friday after the insurer refused to indemnify it and major cruise lines in a multidistrict litigation over allegedly fake Salvador Dali, Pablo Picasso and Rembrandt van Rijn works sold at auctions aboard cruise ships.

  • May 9, 2011

    Hertz Ups Dollar Thrifty Bid To $2.25B

    Hertz Global Holdings Inc. on Monday swooped in with an approximately $2.25 billion offer for Dollar Thrifty Automotive Group Inc., as a bid for the budget car rental agency from Avis Budget Group Inc. remains stalled due to antitrust concerns.

  • May 6, 2011

    Ex-MLB Star Dykstra Indicted For Bankruptcy Fraud

    Lenny Dykstra, a former all-star center fielder with the New York Mets and the Philadelphia Phillies, was indicted in California on Friday on bankruptcy fraud charges for allegedly selling items from his $18 million mansion.

  • May 6, 2011

    Rolls-Royce Off Hook For Fees In Ship Insurers' Row

    A Florida federal judge refused Thursday to award attorneys' fees to a group of insurers that earlier won dismissal of Rolls-Royce PLC's suit seeking coverage in litigation over the allegedly defective Mermaid propulsion system for cruise ships.

  • May 5, 2011

    US Seeks Stricter Regulations For Bus Cos.

    Spurred to action by recent bus crashes, U.S. Transportation Secretary Ray LaHood on Thursday unveiled a plan of attack for improving passenger bus safety, including measures to weed out irresponsible drivers and increase penalties for bus companies operating without approval.

  • May 4, 2011

    NY Appeals Court Nixes Mets Beer Seller's Bias Suit

    A New York appeals court on Tuesday affirmed the dismissal of an octogenarian beer vendor's lawsuit claiming she was transferred to a less lucrative concession stand for New York Mets games because of her age.