The U.S. trustee in Ambassadors International Inc.'s Chapter 11 bankruptcy case objected Wednesday to the company's proposed sale procedures, claiming stalking horse bidder Whippoorwill Associates Inc. is not entitled to bid protections because it is an insider.
Fiesta Station Inc. and other Station Casinos Inc. affiliates filed a prepackaged Chapter 11 on Tuesday in order to fulfill the parent company's reorganization plan as its owners prepare to buy Nevada's Green Valley Ranch Resort for $500 million.
A shareholder who sued a slew of investment banks and company insiders over alleged short-swing trades related to initial public offerings is asking the U.S. Supreme Court to review a Ninth Circuit decision dismissing her claims.
The European private equity firm Permira said Wednesday it planned to acquire California-based pump and containment systems company BakerCorp for $960 million.
American Airlines Inc. filed an antitrust suit Tuesday in Texas alleging Travelport Ltd. and Orbitz Worldwide LLC retaliated against the carrier’s bid to compete in the airline booking business.
Unless and until the Delaware Chancery Court calls a halt to the nuisance-value settlements that provide a quick payout to the plaintiffs’ bar, these shareholder suits will continue to be a growth industry, says Joel Chefitz, head of McDermott Will & Emery LLP's securities litigation group.
Ticket holders to Super Bowl XLV who were denied seats at the game lost a bid Tuesday to have their class action sent back to the Texas state court where it was first filed.
A company led by Priceline.com Inc.’s founder launched a flood of patent suits in a Delaware court on Monday, accusing over 100 major companies, including Microsoft Corp., Apple Inc. and Google Inc., of infringing patents for e-commerce, gaming and other technology.
A federal judge in Texas consolidated two putative class actions Friday against the National Football League brought by Super Bowl XLV ticket holders who were denied seats and alleged breach of contract and fraud claims.
U.S. billionaire Stan Kroenke announced Monday that he is poised to take ownership of the famed Arsenal soccer franchise in London for £394 million ($645 million).
California billionaire and Platinum Equity CEO Tom Gores said Friday he had struck a deal to buy the NBA's Detroit Pistons, the team's home arena, a music venue and the operating rights to the Meadow Brook Music Festival.
Indianapolis Downs LLC received bankruptcy court approval in Delaware on Friday for a $5 million debtor-in-possession loan to keep its racino running, along with a slew of other first-day motions.
A Florida federal judge ruled Friday that NASCAR Inc. and its insurers could not pursue an $86 million suit against Cessna Aircraft Co. over a deadly plane crash, saying there was no express warranty the plane would last over 30 years.
An attorney for River Road Hotel Partners LLC tried Thursday to convince the Seventh Circuit that the bankrupt chain should be allowed to block lenders from credit bidding on two luxury hotel properties.
Fidelity National Title Insurance Co. on Wednesday settled its coverage suit in Texas against a company facing a pension fund's accusations of breach of fiduciary duty and negligent misrepresentation over a real estate deal.
A California appeals court ruled Wednesday that Santa Clara was not required to complete an environmental impact report when it approved a term sheet for a new San Francisco 49ers stadium near a Cedar Fair LP amusement park.
Operationally profitable casino and racetrack operator Indianapolis Downs LLC filed for Chapter 11 bankruptcy protection Thursday, saying it was using the process as a stepping stone to get out from under some of its major startup costs.
Waterscape Resort LLC, owner of midtown Manhattan's new Cassa NY Hotel, checked into Chapter 11 on Monday, facing some $20 million in contractor claims — about half of which stem from a soured relationship with ex-construction manager Pavarini McGovern LLC.
A former senior associate at Wilson Sonsini Goodrich & Rosati PC was arrested Wednesday and charged in New Jersey in connection with allegations that he stole inside information from three firms that netted $32 million in a decadeslong insider trading scheme.
Lehman Brothers Holdings Inc. creditors, including State Street Bank & Trust Co., objected Tuesday in New York to a Lehman discovery framework that allegedly favors the bankrupt investment giant.