The Australian Competition Tribunal on Thursday has for the second time approved Tabcorp Holdings Ltd.’s proposed AU$6.37 billion ($4.84 billion) cash-and-stock takeover of rival Tatts Group Ltd., paving the way for the two gambling businesses to form a single industry giant with an enterprise value of AU$11.3 billion.
Legacy Acquisition Corp., a blank check company led by former Procter & Gamble Co. executives and private equity veterans who aim to acquire a consumer-oriented company, listed shares Friday after raising $300 million through an initial public offering.
A Pennsylvania appeals court has refused to bar a restaurant worker from getting unemployment benefits despite losing his job after an altercation outside his workplace with individuals protesting a police-involved shooting.
In this week’s Taxation With Representation, Marathon Petroleum dropped down $8.1 billion in assets to its master limited partnership, Caesars Entertainment acquired Centaur for $1.7 billion, Shanghai Pharma snapped up the China business of Cardinal Health for $557 million, and OMERS bought Trescal in a $788.6 million deal.
The owner of a former food distribution company has been sentenced by a federal judge to three years behind bars for swindling three restaurant groups out of millions of dollars, the U.S. Attorney’s Office for the District of Connecticut announced Thursday.
Caesars Entertainment Corp. said Thursday it will acquire Centaur Holdings LLC in a $1.7 billion cash deal that adds Indiana’s Hoosier Park Racing & Casino and Indiana Grand Racing & Casino to the hospitality giant’s portfolio, a month after Caesars’ operating company emerged from bankruptcy.
The U.S. Securities and Exchange Commission indicated Thursday that it is close to a settlement with Jay Peak ski resort owner Ariel Quiros in its suit against him over his role in a $350 million EB-5 visa fraud suit.
California and a Native American tribe on Wednesday swapped blows in the tribe's suit accusing the state of renegotiating a gaming compact in bad faith in violation of the Indian Gaming Regulatory Act, with each side opposing the other's bid for summary judgment.
New Jersey told the U.S. Supreme Court on Wednesday that the entire federal statute banning sports betting violates the Tenth Amendment, reiterating, along with a thoroughbred horse owners and trainers group, its call for the high court to overturn a Third Circuit decision upholding the ban.
UK Commercial Property Trust Ltd. said Thursday it has made its first acquisition in the hospitality space with the £32 million ($42 million) purchase of a new 265-room Maldron hotel now under construction in Newcastle, England.
Six Virginia restaurants have agreed to pay $3 million in damages and unpaid minimum and overtime wages to nearly 150 workers following an investigation by the U.S. Department of Labor, the agency said Wednesday.
A proposed class of Rams fans whose season tickets were canceled when the NFL team moved to Los Angeles can’t force the team to hand over documents related to pricing of personal seat licenses at its new stadium, a Missouri federal court ruled Wednesday, saying the fans have been unresponsive to the team’s latest records search.
Online review leader Yelp Inc. asked a California judge Wednesday to reopen its case against a website that it says publishes fake positive reviews for businesses for pay, saying one of the website’s co-founders had breached the terms of their settlement and Yelp was now entitled to $2 million under the previously agreed-upon stipulated judgment against him.
An Arizona appeals court on Tuesday upheld the dismissal of a suit alleging that several Hualapai Tribe officials committed fraud in terminating a company's contract to run a tribal tourist attraction, saying tribal courts rather than state courts must tackle a case that deals entirely with on-reservation activity.
The National Indian Gaming Commission has found a Nebraska tribe can use restored land in Iowa for gaming, saying the tribe didn’t authorize its outside counsel to enter into an agreement with the state that the tribe would use the land for nongaming purposes only.
A veteran organizer of Boston’s service industry union agreed on Wednesday to plead guilty to embezzling more than $170,000 over five years.
Shareholders of the real estate investment trust Resource Capital Corp. who say the company’s board is responsible for a $41 million loss on a loan backed by Puerto Rican hotels urged a New York federal judge on Tuesday not to dismiss their suit, saying that when the board looked into the loss it had a “predetermined outcome” in mind: to let directors off the hook.
The solicitor general can represent the government in oral arguments at the U.S. Supreme Court over New Jersey's challenge to a federal sports betting ban, the high court ruled Monday, denying a similar request for a seat at the table by a Florida State University professor.
Food services and facilities management company Sodexo Inc. said Wednesday it will take a major leap forward in the stadium and entertainment venue concessions business with the acquisition of Centerplate Inc. from private equity firm Olympus Partners in a deal worth $675 million.
The Eleventh Circuit declined Tuesday to reconsider its decision affirming the dismissal of a Florida woman's proposed class action alleging that Chipotle lied about using genetically modified ingredients in its food.
As more law firms become the targets of major cyberattacks, more firms may consider appointing a chief privacy officer. In this series, CPOs at four firms discuss various aspects of this new role.
In December 2015, the parts of the Federal Rules of Civil Procedure concerning proportionality in discovery were amended. The amendments changed the language defining the scope of relevance, but substantively, this remains the same as it has been for nearly 40 years, says Max Kennerly of Kennerly Loutey LLC.
For outside counsel, oftentimes efficiency and responsiveness collide with security measures as clients are increasingly requiring their law firms to comply with third-party risk management programs. To meet these challenges, law firms are focusing more on the roles of chief privacy officer and chief information security officer, says Phyllis Sumner, chief privacy officer for King & Spalding LLP.
Over the last 12 months lawyers who advise companies in advance of changes in employment law may have begun to feel some unease. Even those who have been practicing for years have been at a loss as to how to predict what may be coming next, especially with respect to overtime, joint employment, the persuader rule and tip pooling — just to name a few issues, says Shira Yoshor of Greenberg Traurig LLP.
During the jury selection process, many times parties submit proposed voir dire questions, but the court ultimately chooses the questions to be asked and does all of the questioning of the jury panel. While this approach is judicially efficient, rarely do we learn anything meaningful from the panel members, say Lisa Blue of Baron and Blue and Robert Hirschhorn of Cathy E. Bennett & Associates.
As law firms hold sensitive information not only related to the firm but to the firm’s clients, an insider threat — whether it's a "bad actor employee" or inadvertent activity — poses a particular concern. There are steps that privacy officers can initiate to help minimize these threats, says Patricia Wagner, chief privacy officer for Epstein Becker Green.
As the role of law firm chief privacy officer becomes more prevalent and expansive, many CPOs are finding themselves in the midst of a delicate balancing act — weighing compliance with government regulations and client requirements on one side with the needs of firm business on the other, says Kristin Jones, chief privacy officer for Stradley Ronon Stevens & Young LLP.
New mobile computing tools — both hardware and applications — are changing the technology paradigm for legal practitioners. In particular, the combination of the 12.9-inch iPad Pro, the Apple Pencil and the LiquidText annotation app can revolutionize both trial preparation and courtroom litigating, says attorney Paul Kiesel, in his latest review of tech trends.
To understand the role of the law firm chief privacy officer — and why that person ought to be a lawyer — it’s important to distinguish the role they fill from that of the chief information security officer, says Mark McCreary, chief privacy officer for Fox Rothschild LLP.
One growing trend is for clients to enter into alternative fee arrangements in which one law firm represents multiple parties who “share” fees and costs in a related matter. This way parties can more efficiently manage a matter and reduce their individual legal fees. But joint representation is not without its own risks and challenges, say attorneys with WilmerHale.