We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hospitality

  • November 14, 2011

    McDonald's Burned By Another Hot Coffee Suit In Ill.

    More than 17 years after the landmark “hot coffee” lawsuit, McDonald's USA LLC was hit with a product liability action filed in Illinois state court on Monday by a woman who claims the fast-food chain's coffee scalded her toddler.

  • November 14, 2011

    Event Promoter Sued, Indicted Over $5M Investment Scam

    Event promoter and ex-University of Pennsylvania basketball player Tyrone L. Gilliams Jr. was slammed with an indictment and a U.S. Securities and Exchange Commission suit Monday in New York federal court alleging he misappropriated about $5 million fraudulently collected from investors.

  • November 14, 2011

    NBA Players' Union Dissolves To Prep Antitrust Challenge

    The National Basketball Players Association said Monday that it was pulling out of negotiations with the NBA and will disband in order to begin antitrust proceedings against the league, in a contentious move some legal experts describe as fraught with uncertainty.

  • November 14, 2011

    Top Female Deal Maker: Munger Tolles' Mary Ann Todd

    While putting the final touches on Berkshire Hathaway Inc.'s $9.7 billion acquisition of The Lubrizol Corp., Munger Tolles & Olson LLP corporate partner Mary Ann Todd received word from another longtime client about its receipt of a $1.3 billion “going private” proposal. Unfazed by these simultaneous demands, she helped both clients quickly unveil their plans, earning her a place on Law360's list of Top Female Deal Makers.

  • November 14, 2011

    BFC Will Round Out Ownership Of Timeshare Co. Bluegreen

    Private equity firm BFC Financial Corp. will turn its half stake in Florida timeshare management company Bluegreen Corp. into full ownership in a merger slated for the first half of next year, the parties announced Monday.

  • November 14, 2011

    US Bank Sues Hilton For Trying To End Hotel's Franchise

    U.S. Bank NA, as trustee for certain mortgage-backed securities, sued hotel chain Hilton Worldwide Inc. and two affiliates in Louisiana on Monday, accusing them of improperly trying to terminate a franchise agreement tied to an $8.72 million loan.

  • November 14, 2011

    Investcorp Takes $40M Debt Stake In Times Square Hotel

    The U.S. real estate arm of Persian Gulf asset manager Investcorp has bought a $40 million mezzanine debt stake in a hotel in New York's Times Square, the firm announced Monday.

  • November 14, 2011

    Freshfields Helps Permira Sell $408M In Hugo Boss Shares

    Permira Advisers sold €300 million ($408 million) worth of nonvoting shares in German fashion company Hugo Boss AG in a deal managed by Citigroup Inc., the private equity firm and the bank announced Monday.

  • November 10, 2011

    Top Female Deal Maker: Simpson Thacher's Kathryn Sudol

    Kathryn King Sudol had never lived outside the U.S. before she moved abroad in 2010 to helm Simpson Thacher & Bartlett LLP's mergers and acquisitions group in Hong Kong. But she adapted quickly, helping close high-profile deals such as Kohlberg Kravis Roberts & Co. LP's $159 million investment in Masan Consumer Corp. — the largest private equity transaction in Vietnam at that time and one of many accomplishments for which she has earned a spot on Law360's Top Female Deal Makers.

  • November 10, 2011

    NY Court Upholds ING, Swedbank Win In Foreclosure Suit

    A New York appeals court on Thursday affirmed a lower court's decision allowing affiliates of ING Groep NV and Swedbank AB to foreclose a Manhattan property where RFR Holding LLC planned to develop a 60-story hotel tower.

  • November 10, 2011

    Ex-Credit Agricole Analyst Asks 2nd Circ. To Preserve Win

    A fired Credit Agricole SA analyst who won an employment lawsuit against the bank after a judge overturned his jury loss urged the Second Circuit on Thursday to uphold his victory, saying the judge was entitled to toss the verdict.

  • November 10, 2011

    NFL's Ravens Can Use Logo But Must Pay Royalties: Judge

    A Maryland federal judge on Wednesday opted not to block the National Football League’s Baltimore Ravens from using an infringing version of the team’s former “Flying B” logo, provided the team hammers out a royalty agreement with the symbol’s designer.

  • November 9, 2011

    WMS, Bally Settle Slot Machine Display Patent Suit

    WMS Industries Inc. on Wednesday settled its patent infringement claims in Illinois against Bally Technologies Inc. over transmissive reels technology, which relates to superimposing video content over a mechanical reel slot machine.

  • November 9, 2011

    Top Female Deal Maker: Mayer Brown's Jodi Simala

    Jodi Simala of Mayer Brown LLP knew from her early days at Harvard Law School that that the world of mergers and acquisitions was where she wanted to be. In her 12 years at Mayer Brown, Simala has locked down bruising, high-profile deals like Allied Waste’s $6.7 billion merger with Republic Services Inc., earning her a rightful place among Law360’s Top Female Deal Makers.

  • November 9, 2011

    Noble Takes Majority Stake In Atlanta Hotel

    Noble Investment Group has turned from a minority owner to a majority stakeholder of the W Atlanta - Buckhead hotel and completed a loan restructuring for the property, the company said Wednesday.

  • November 9, 2011

    BusinessJet Fined For Failing To Label Code-Share Flights

    The U.S. Department of Transportation slapped now-defunct online air ticket agent BusinessJet Class LLC with a $40,000 fine Wednesday for allegedly failing to properly alert consumers when flights were operated under code-share arrangements between different airlines.

  • November 9, 2011

    Hersha Snaps Up Miami Marriott Hotel For $95M

    Hersha Hospitality Trust, a real estate investment trust, is expanding its portfolio of hotels with the $95 million acquisition from Economos Properties of a Marriott International Inc. hotel in Miami Beach, Fla., Hersha announced Wednesday.

  • November 9, 2011

    Pentair, Insurer Settle Over Interest On $30M Judgment

    Pentair Water Treatment Co. and Westchester Fire Insurance Co. on Monday settled a suit in Ohio federal court over the interest and taxable costs of a $30 million judgment the water treatment company paid after a fatal outbreak of Legionnaires' disease on a cruise ship.

  • November 8, 2011

    Calif. Top Court Mulls Meal Break Standard In Brinker Suit

    The California Supreme Court on Tuesday appeared skeptical of the notion that employers have to ensure workers take meal breaks required under state law — rather than merely make them available — in a closely watched class action against restaurant chain owner Brinker International Inc.

  • November 8, 2011

    Brinker Settles Mass. Claims In Tips Action For $1.3M

    Maggiano’s Little Italy owner Brinker International Inc. on Tuesday settled for nearly $1.3 million Massachusetts claims in a nationwide proposed class action alleging the restaurant chain illegally pocketed a portion of waitstaff tips made during private dining events.