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September 7, 2010
Subcontractor Sues Honeywell Over Naval Base Work
A Rhode Island-based construction firm has sued Travelers Casualty & Surety of America and Honeywell Building Solutions SES Corp. seeking payment for its work on a $9.8 million project at a U.S. Navy base.
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September 7, 2010
Priceline, Others Settle Fla. Tax Dispute For $6.5M
A federal judge has preliminarily signed off on a $6.5 million settlement in a suit between a class of Florida counties and a slew of travel websites — including Priceline.com Inc. and Expedia Inc. — accused of dodging hotel occupancy taxes.
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September 3, 2010
Expedia, Priceline Settle False Advertising Spat
Expedia Inc. and subsidiary Hotels.com LP have buried the hatchet with Priceline.com Inc., settling a suit accusing Priceline of engaging in unfair competition and false advertising by running ads claiming the travel site's prices are dramatically lower than Expedia's.
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September 3, 2010
River Road's Ch. 11 Exclusivity Zapped
A federal judge has nixed River Road Hotel Partners LLC's exclusive right to propose a Chapter 11 plan following a claim by a construction lender owned by creditor U.S. Bank National Association — which is owed $161 million — that the debtors' plan and related bidding procedures suffered from “numerous and incurable defects.”
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September 2, 2010
Ford Settles Rollover Case After $131M Verdict
Ford Motor Co. on Thursday reportedly settled a lawsuit filed by the family of a top Major League Baseball prospect who died when his Explorer flipped, days after a Mississippi jury awarded the plaintiffs $131 million.
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September 2, 2010
Avis Ups Bid To Buy Dollar Thrifty In Battle With Hertz
Avis Budget Group Inc. upped its bid Thursday for Dollar Thrifty Automotive Group Inc., claiming rival bidder Hertz Global Holdings Inc. has “manufactured” antitrust issues in their increasingly heated battle for the discount car-rental company.
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September 2, 2010
Firm To Investigate 3G's $4B Deal For Burger King
3G Capital Management LLC's $4 billion deal to acquire fast food titan Burger King's parent company sparked controversy as soon as it was announced Thursday, with New York securities law firm Tripp Levy PLLC announcing an investigation for possible breach of fiduciary duty.
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September 1, 2010
Most Admired Attys: Proskauer Rose's Nancy Cohen
Proskauer Rose LLP's Nancy Sher Cohen has helped policyholders recover well over $1 billion in insurance coverage lawsuits. Putting together a distinguished litigation track record while remaining committed to community service has earned her respect from her peers, as well as a place among Law360's 10 Most Admired Insurance Attorneys.
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August 31, 2010
TBS Abandons Appeal Of $281M Atlanta Teams Spat
Turner Broadcasting System Inc. has laid down its sword in a long-running dispute with Texas businessman David McDavid over the sale of the Atlanta Hawks and Atlanta Thrashers, dropping its appeal of a judge's ruling that the media conglomerate should fork over $281 million for allegedly breaching an oral contract to sell McDavid the teams.
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August 31, 2010
United Rentals Survives Cerberus Merger Suit Appeal
A federal appeals court has affirmed the dismissal of a shareholder action accusing United Rentals Inc. of withholding information regarding a proposed acquisition by Cerberus Capital Management LP, ruling there was no convincing evidence of scienter at work.
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August 30, 2010
Innkeepers Confidentiality Requests Too Broad: Judge
A judge admonished parties in the bankruptcy of hotel owner Innkeepers USA Trust on Monday for seeking confidentiality for an abundance of documents, asking lawyers to narrow their requests so as not to interfere with public hearings in the case.
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August 30, 2010
Station Casinos' Ch. 11 Plan Confirmed
A bankruptcy judge has confirmed Station Casinos Inc.'s plan of reorganization, which hinged on the sale of the debtor's assets to a newly formed entity controlled by the company's founder's sons.
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August 27, 2010
Churchill Downs Off Hook In Broadcast Antitrust Suit
Kentucky Derby host Churchill Downs Inc. and broadcasting company TrackNet Media Group LLC have been dismissed from an antitrust and contract suit brought by bankrupt racetrack owner Cloverleaf Enterprises Inc., which alleged its competitors effectively put it out of business by blocking it from receiving horse racing broadcasts.
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August 26, 2010
Apple, Others Sued Over Communications Patents
A Texas-based company has accused Apple Inc., JPMorgan Chase & Co. and nearly two dozen other finance, communications and technology companies of infringing four patents for computer communications technology that uses simple object access protocol.
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August 26, 2010
Discover Deal Closes Out DataTern Database IP Suit
Sole remaining defendant Discover Financial Services has reached a settlement with DataTern Inc., closing the door on a patent infringement suit over data access technology that had targeted a number of companies in the financial and transportation sectors.
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August 25, 2010
Ex-Barclays Exec Said He Hid Lehman Asset Details
A former Barclays PLC securities executive told a court Wednesday that he withheld information from traders about assets the company acquired from bankrupt Lehman Brothers Holdings Inc. in a disputed deal in an attempt to maximize Barclays' returns.
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August 25, 2010
Enviros Appeal Alaska Cruise Ship Wastewater Rules
Environmental groups are challenging Alaska's refusal to review its 2010 permit for cruise ships operating in state waters, which allows the use of multiple wastewater treatment systems.
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August 25, 2010
Most Admired Attys: Kenny Nachwalter's Stan Wakshlag
Stanley Wakshlag's ability to convince the U.S. Securities and Exchange Commission to spare a company that reported its own records violations is just one example of how the Kenny Nachwalter PA partner's voracious planning and knack for saying the right thing has earned him success, as well as recognition as one of Law360's 10 Most Admired Securities Attorneys.
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August 25, 2010
EPA Moves To Ban Sewage Discharge Off Calif. Coast
The U.S Environmental Protection Agency proposed a new rule Wednesday that would prohibit cruise ships and other large ocean vessels from discharging sewage along the 1,624-mile California coastline.
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August 24, 2010
Insurer Suit To Duck Crash Coverage Dismissed
A federal judge has thrown out Illinois National Insurance Co.'s suit seeking a declaration that it doesn't have to defend or indemnify Wyndham Worldwide Operations Inc. in connection with a 2008 plane crash in Oregon that killed five.