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Hospitality

  • November 11, 2009

    Burger King Franchisees Revolt Against Price Order

    An organization representing Burger King Corp. franchisees is asking a federal judge to stop the company from forcing franchisees to add the double cheeseburger to their $1 value meal menu.

  • November 11, 2009

    Lenders Losing Patience With Station Casinos

    Independent lenders of bankrupt Station Casinos Inc. are objecting to an extension of the company's exclusivity period, arguing the casino operator is using exclusivity to block plan alternatives it does not like.

  • November 10, 2009

    High Court Eyes Statute, Practicality In Hertz HQ Case

    Both congressional intent and corporate pragmatism have been put under the microscope by the U.S. Supreme Court, as justices on Tuesday grilled attorneys in a dispute over how courts should weigh a corporation's headquarters when determining its principal place of business.

  • November 10, 2009

    Deal Maker Rossiter Moves To Baker & McKenzie

    James Rossiter, a former senior mergers and acquisitions partner at Cassels Brock & Blackwell LLP, has joined the Toronto office of Baker & McKenzie LLP.

  • November 10, 2009

    Q&A With Stroock's Martin Neidell

    The next wave of deals will come from small to midmarket firms with transactions in the range of $250 million to $1 billion, but there will be a general reluctance to do major transactions, says Martin H. Neidell, a partner in Stroock & Stroock & Lavan LLP's corporate practice group.

  • November 9, 2009

    Six Flags Amended Plan Gives Creditors Better Shake

    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.

  • November 9, 2009

    Q&A With Gray Plant Mooty's Carl Zwisler

    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.

  • November 6, 2009

    High Court Diversity Case Puts Corporate HQs To Test

    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.

  • November 6, 2009

    Blackstone Makes $320M Mall Deal With Glimcher

    Private equity firm The Blackstone Group has inked a $320 million deal to acquire stakes in two shopping malls owned by Glimcher Realty Trust.

  • November 5, 2009

    Trump, Ad Hoc Committee Polish Rival Ch. 11 Plans

    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.

  • November 4, 2009

    EPA Proposes Pesticide Spray Drift Labeling

    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.

  • November 3, 2009

    Google, Yahoo, Others Sued Over Online Map Patent

    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.

  • November 2, 2009

    Starwood Sells Bliss Spas To Steiner For $100M

    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.

  • November 2, 2009

    BofA, Others Eye Settlements In SEC Muni Probe

    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.

  • November 2, 2009

    5th Circ. Lets Harrah's Off Hook In Casino Antitrust Suit

    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.

  • October 30, 2009

    Minsheng, Las Vegas Sands To Hold Hong Kong IPOs

    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.

  • October 28, 2009

    Starbucks, Ex-VP End Suit Over Move To Dunkin'

    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.

  • October 28, 2009

    GSI To Pay Up To $350M For Rue La La Parent

    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.

  • October 27, 2009

    Wilsons Leather Owner Files $300M Shelf Registration

    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.

  • October 26, 2009

    9th Circ. Lets Sonics Ticket Holders Keep Class Cert.

    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.