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Hospitality
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September 22, 2011
Travelport Lays Out Prepackaged Ch. 11 Plan
Travel reservation system provider Travelport Holdings Ltd., the largest shareholder of Orbitz Worldwide Inc., on Wednesday laid out a possible prepackaged Chapter 11 plan in a regulatory filing with the U.S. Securities and Exchange Commission.
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September 21, 2011
Cracker Barrel Denied Coverage Of EEOC Suit Costs
A Tennessee federal judge has held that Cracker Barrel Old Country Store Inc.'s insurer is not responsible for its legal costs stemming from a U.S. Equal Employment Opportunity Commission lawsuit, according to a ruling made public Wednesday.
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September 21, 2011
BofA Wants Off Hook In Debit Card Fee Class Action
Bank of America NA on Monday asked a California federal court to toss a proposed class action brought by debit card users, arguing it did not deceive consumers by charging monthly service fees they had contractually agreed to pay.
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September 21, 2011
Liberty Media Can Split Off Assets: Del. High Court
Delaware's top court on Wednesday affirmed a decision greenlighting Liberty Media Corp.'s split-off of assets connected to the stock of subsidiaries Liberty Capital and Liberty Starz, despite objections from bondholders' trustee the Bank of New York Mellon Trust Co. NA.
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September 21, 2011
Ex-DOJ, FTC Antitrust Heads Spar Over Google's Power
Two former antitrust enforcers disagreed Wednesday at a Senate hearing over whether Google Inc. has monopoly power over Internet search, as the company's executive chairman tried to reassure lawmakers that the Internet remains a level playing field.
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September 21, 2011
Troutman Sanders Adds K&L Corporate Finance Pro
Troutman Sanders LLP on Wednesday announced that Vincent J. Pisano will join its New York corporate finance group from K&L Gates LLP as a partner.
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September 21, 2011
Arenas Takes Suit Over VH1's 'Wives' To 9th Circ.
Basketball pro Gilbert Arenas on Tuesday appealed a California federal judge's denial of his motion to halt the premiere of VH1 reality show “Basketball Wives: Los Angeles” over allegations of trademark infringement.
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September 21, 2011
BCI Aircraft CEO's Bid To Squelch Evidence Rebuffed
An Illinois federal judge on Tuesday closed the door on an effort by BCI Aircraft Leasing Inc.'s CEO to toss out evidence gained from a search warrant in a criminal case accusing him of helping to rig a $50 million investment scheme.
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September 20, 2011
Resort Group Brings Singapore On Board For Ch. 11
Paulson & Co.-owned MSR Resort Golf Course LLC on Tuesday sought bankruptcy court approval in New York for a crucial truce with a group of Singapore sovereign wealth funds that had vied for ownership of the resort group.
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September 20, 2011
Concession Workers Sue Centerplate Over Wages, Breaks
Food services company Centerplate Inc. violated California labor laws when it failed to provide employee breaks, reimburse uniform costs and pay proper wages, a proposed class action removed to federal court Thursday contends.
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September 20, 2011
Ex-Worldwide CEO Cops To Hiding Assets From US Trustee
The former CEO of mortgage originator Worldwide Financial Resources Co. pled guilty to bankruptcy fraud on Monday in New Jersey federal court, admitting he hid $200,000 worth of assets, including 511 bottles of wine worth roughly $45,000, from the U.S. trustee.
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September 19, 2011
Schmidt To Defend Google In Senate Antitrust Hearing
Google Inc. Executive Chairman Eric Schmidt will go before a U.S. Senate subcommittee Wednesday to defend the company from critics who say it is abusing its dominant position in the Internet search market, as Google faces increased scrutiny from U.S. and European competition regulators.
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September 19, 2011
2nd Possible Bidder Emerges For Dallas Stars
Vancouver businessman Tom Gagliardi could have competition to buy the bankrupt Dallas Stars, with a lawyer for Chuck Greenberg — formerly the Texas Rangers' CEO and part-owner — saying Monday that his client was interested in the National Hockey League team.
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September 16, 2011
Dodgers Seek To End Ch. 11 By Auctioning TV Rights
The Los Angeles Dodgers Inc. asked a Delaware bankruptcy judge on Friday for permission to auction off the team's television rights, which it says should generate enough cash to pull it out of bankruptcy.
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September 16, 2011
Blackstone Pays $950M For UK Hotels As Olympics Near
Blackstone Group LP announced Friday that it had acquired London-based hotel chain Mint Hotel for a reported $950 million, marking the biggest European hotel buy in four years as the British hospitality sector readies for the 2012 Olympics.
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September 16, 2011
Citi, Others Resolve Walker's Data Encryption IP Suit
Citigroup Inc., Discover Financial Services, MasterCard subsidiary Orbiscom Ltd. and Wells Fargo & Co. on Thursday became the latest to settle patent infringement claims brought by Walker Digital LLC in a suit over account number encryption technology.
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September 15, 2011
Dallas Stars File For Ch. 11 With Plan To Sell
The Dallas Stars filed for Chapter 11 bankruptcy protection in Delaware on Thursday as part of a prearranged reorganization plan that includes selling the NHL franchise to Vancouver businessman Tom Gaglardi and his family.
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September 15, 2011
AIG Unit Ducks Coverage For U-Haul Trailer Collisions
An American International Group Inc. unit on Thursday won its bid to avoid covering U-Haul International Inc. in suits blaming U-Haul trailers for fatal collisions, with an Arizona federal judge finding no evidence that the insurer had acted unfairly.
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September 15, 2011
Las Vegas Sands Says Former China Exec Stole Docs
Las Vegas Sands Corp. on Tuesday accused a former executive who is suing the company for wrongful termination of stealing reams of sensitive documents in a case that’s raised allegations of Vegas casino ties to Chinese mobsters.
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September 15, 2011
Ford, Allstate, Others Sued Over Web Navigation IP
EMG Technology LLC on Wednesday in Texas sued a diverse array of companies — including Ford Motor Co., SunTrust Banks Inc., RadioShack Corp. and Allstate Corp. — for allegedly infringing a patent related to displaying and navigating Internet content on mobile devices.