Massachusetts

  • January 3, 2014

    Mashpee Tribe's $500M Casino Gets Green Light

    A Massachusetts $500 million casino project by the Mashpee Wampanoag Tribe took a big step forward today when the U.S. Department of the Interior's Bureau of Indian Affairs failed to intervene by the deadline to stop a compact between the state and the tribe.

  • January 3, 2014

    Polartec Hits Lamour With Suit Over Wicking Fabric Patent

    Polartec LLC accused a rival sportswear manufacturer of ripping off a patented sweatshirt fabric designed to keep wearers dry, according to an infringement suit filed Friday in Massachusetts federal court.

  • January 3, 2014

    Caesars Cites New Discrimination Evidence In $1B Casino Row

    Weeks after Caesars Massachusetts Management Co. LLC accused the state's top casino regulator of having conflicts of interest that forced the company to drop out of the running for a $1 billion casino-resort project in Boston, Caesars has filed a fresh complaint in Massachusetts federal court, citing new evidence.

  • January 2, 2014

    Boston Firm Snags 5 Downtown Buildings From Fidelity

    Boston-based real estate firm Related Beal has acquired a five-building office and retail portfolio on Congress Street in Boston from Fidelity Real Estate Co. for an undisclosed price, Related Beal announced Tuesday.

  • January 2, 2014

    Manulife Spends $618M On Gateway City Office Assets

    Manulife Financial Corp.'s U.S. division, John Hancock, has acquired three office properties in New York, Chicago and Boston for a total of $618 million, the Canadian insurance company announced Tuesday.

  • December 20, 2013

    1st Circ. OKs $100K Attys' Fee Award For $7K Age Bias Win

    The First Circuit on Wednesday upheld a fee and cost award of over $100,000 to attorneys who won a $7,650 jury verdict for a former executive housekeeper at a Massachusetts Holiday Inn Hotel on a state law age-discrimination claim.

  • December 19, 2013

    Blackstone Passes Indian Drugmaker Stake To Bain

    Private equity titan The Blackstone Group LP will unload its substantial minority stake in Indian drugmaker Emcure Pharmaceuticals Ltd. in a sale to Bain Capital LLC, the companies said Thursday, giving the New York-based seller an exit from its first-ever Indian investment as others in the market waver.

  • December 18, 2013

    Sovereign Bancorp Can't Recoup $234M In Taxes, US Says

    The U.S. government fired back Monday at Sovereign Bancorp’s attempt to claw back $234 million in assessed taxes, asking a Massachusetts federal court to look at each step in the bank’s questionable securities transaction and deem it a tax shelter scheme.

  • December 17, 2013

    Mass. Gaming Investigators OK Wynn Resorts' Casino Bid

    Investigators with the Massachusetts Gaming Commission on Monday recommended that a unit of Wynn Resorts Ltd. get the green light to operate a $1 billion casino in Everett, provided that Wynn clarify to the commission that its Macau casino operations meet the criteria for "responsible business practices."

  • December 16, 2013

    ACT Inc. Can't Shake TCPA Suit Over Spam Faxes

    A Massachusetts federal judge on Monday refused to toss a proposed class action accusing ACT Inc. of peppering businesses with illegal fax advertisements, finding that the college and career planning company’s offer of judgment to the plaintiff did not render the claims moot.

  • December 13, 2013

    Wynn Gets OK To Change Land Deal In $1B Mass. Casino Plan

    The Massachusetts Gaming Commission on Friday approved Wynn Resorts Ltd.'s proposal to change its land purchase deal in a $1 billion casino plan after a commission investigation revealed that the land's sellers had possibly conspired to hide a criminal ownership interest in the site.

  • December 12, 2013

    Caesars Sues Mass. Gaming Head Over Conflicts Of Interest

    Caesars Massachusetts Management Co. LLC is accusing the state's top gaming regulator of having conflicts of interest that forced it to pull out of a $1 billion casino-resort project in East Boston, according to a suit filed Wednesday in Massachusetts federal court.

  • December 11, 2013

    Nexium Direct Purchasers Win Class Cert. In Antitrust MDL

    A Massachusetts judge granted class certification on Wednesday to a group of direct purchasers alleging AstraZeneca PLC and others breached antitrust laws by engineering the delay of a generic form of heartburn drug Nexium.

  • December 11, 2013

    CapitalWorks Snaps Up Morgenthaler Aircraft Test Gear Co.

    Lower middle market buyout firm Morgenthaler Private Equity has sold aircraft test equipment manufacturer Avtron Aerospace Inc. to Midwest-focused CapitalWorks LLC for an undisclosed price, Morgenthaler said Wednesday.

  • December 11, 2013

    Bain Bids $501M To Add Research Firm To Japanese Portfolio

    Bain Capital LLC said it would pay 51.4 billion yen ($501 million) to take private Japanese market researcher Macromill Inc., according to a Wednesday securities filing, a deal that would continue the private equity firm's foray into the Asian country.

  • December 10, 2013

    9 States Strengthen Power Plant Emissions Requirements

    New Massachusetts carbon regulations approved Monday and similar measures in eight other Northeast and Mid-Atlantic states will lower an existing cap on power plant emissions by more than 70 million tons next year, state officials said.

  • December 10, 2013

    $1B Suffolk Downs Casino Faces New City Referendum

    The Massachusetts Gaming Commission voted Tuesday to allow the Suffolk Downs racetrack owners and Mohegan Sun to move forward with a significantly revised bid to build a $1 billion casino in the state, on the condition that the companies pass a new host city referendum.

  • December 9, 2013

    Heart Health Co. Sues Rival Over Genetic Test Patent

    Heart health management company Boston Heart Diagnostics Corp. launched a suit in Massachusetts federal court Monday alleging a laboratory testing company's genetic testing for statin-induced myopathy risk violates Boston Heart's licensed patent for the same testing.

  • December 9, 2013

    Massey Energy Parent To Pay $265M To Exit Shareholder Suit

    The parent of Massey Energy Co. agreed to pay $265 million to settle a class action alleging Massey misrepresented its safety record to inflate stock prices, which plummeted following the worst U.S. mining disaster in more than 40 years, Massachusetts officials announced Monday.

  • December 9, 2013

    Bob Marley Estate Says Restaurant Infringes 'One Love' Mark

    Bob Marley’s estate hit chicken finger restaurant Raising Cane’s USA LLC with a trademark infringement suit in Massachusetts federal court Friday, alleging the company’s “Raising Cane’s Chicken Fingers One Love” trademark infringes on the legendary reggae singer’s mark.