Sports

  • September 16, 2014

    Detroit Agency OKs $450M Bonds For New Red Wings Arena

    A $650 million downtown Detroit arena development project moved a step closer to breaking ground Tuesday as city authorities approved a $450 million bond financing plan for the new home of the National Hockey League's Detroit Red Wings.

  • September 12, 2014

    Glanbia Drops $153M For Isopure To Bulk Up Supplement Biz

    Ireland-based dairy and sports nutrition company Glanbia PLC said Friday it will acquire New York-based The Isopure Company LLC for $153 million, a deal the company hopes will bulk up its future growth in the nutritional supplement market.

  • September 12, 2014

    NFL Could Pay $950M Concussion Claims Over Decades

    The NFL could have to pay out roughly $950 million in total concussion claims over the course of its 65-year settlement term, assuming that roughly 60 percent of class members eligible for compensation participate in the deal, according to an actuarial report filed Friday.

  • September 12, 2014

    No End In Sight For NCAA In Penn State Penalty Fight

    The NCAA may have dropped its battle with Penn State University over $60 million in penalties from the Jerry Sandusky sex abuse scandal, but a recent state court ruling that the estate of Joe Paterno has standing to challenge the consent decree imposing the sanctions means litigation over the matter is far from over.

  • September 12, 2014

    Chinese Group Puts Up £135M For Exclusive UK Golf Club

    U.K. billionaire and restaurateur Richard Caring has sold the Wentworth Club, the exclusive golf and country club in Surrey, England, to Chinese conglomerate Reignwood Group for £135 million ($220 million), according to a Friday report.

  • September 12, 2014

    'Like' Appeal May Test NLRB Protection For Facebook Rants

    Triple Play Sports Bar and Grille has asked the Second Circuit to review a recent National Labor Relations Board ruling that said a worker's Facebook “like” was protected by federal labor law, a move lawyers say could result in valuable appellate guidance on when employees' salty social media discussions criticizing their employers may lose legal protection. 

  • September 12, 2014

    Taxation With Representation: Proskauer, Gibson Dunn, DPW

    In this week's Taxation With Representation, Proskauer's tax attorneys dip their hands into the $1 billion sale of National Football League team the Buffalo Bills as well as General Mills' $820 million bid for natural food business Annie's, while GE sends its home appliance business to Electrolux.

  • September 12, 2014

    DLA Piper Duo Builds Resume As Stadium Deal Pros

    A highly complex financing deal for San Francisco's $1.2 billion Levi's Stadium that opened last month was just the latest in a string of high-profile projects entrusted to a DLA Piper pair who have spent decades building their standing in the industry as all-star arena deal makers.

  • September 11, 2014

    3rd Circ. Rejects Ex-Players' Opposition To NFL Settlement

    The Third Circuit on Thursday rejected a bid by a group of former National Football League players to appeal a Pennsylvania federal judge’s preliminary approval of a $765 million concussion injuries settlement.

  • September 11, 2014

    EA Tells 9th Circ. 'Expressive Works' Need Broader Standards

    Electronic Arts Inc. urged the Ninth Circuit on Thursday to throw out a class action by retired NFL players who claim its “Madden NFL” video games violated their publicity rights, arguing the court should adopt a new standard barring publicity rights claims on “expressive works” like video games, books and movies.

  • September 11, 2014

    SEC Settles Heart-Monitoring Co.'s Stock-Inflation Case

    The SEC announced no-admit settlements Wednesday with two alleged engineers of a scheme to inflate the stock of heart-device company Signalife, which also allegedly involved ex-NFL player Willie Gault and a now-convicted California attorney.

  • September 10, 2014

    Ex-Players Fight $765M NFL Concussion Deal At 3rd Circ.

    A group of former National Football League players on Wednesday urged the Third Circuit to nix a Pennsylvania federal judge’s preliminary approval of a $765 million concussion injuries settlement, saying the deal contains conflicts that would leave many members of the proposed class without relief.

  • September 10, 2014

    Despite NJ Blessing, Casinos Will Be Leery Of Sports Betting

    Although New Jersey's surprise approval of sports betting this week gives casinos and racetracks access to an appetizing new revenue stream in a tough market, experts say cost concerns and worries about running afoul of regulations in other states will keep most entities from pulling the trigger on sports pools for now.

  • September 9, 2014

    Comcast, Others Team Up With MLB In Antitrust Appeal

    Comcast Corp. and others notified a New York federal judge Monday that they would seek to join Major League Baseball's immediate appeal of a ruling that the league's antitrust exemption does not shield it from television subscribers' claims it conspired with cable providers to thwart competition for game broadcasting.

  • September 9, 2014

    Deals Rumor Mill: PDVSA, Buffalo Bills, Total SA

    PDVSA, is seeking offers of up to $10 billion for Citgo Petroleum Corp., while the owners of the Buffalo Sabres are reportedly near adding to the list of upstate New York sports franchises they own by buying the Buffalo Bills for about $1 billion.

  • September 9, 2014

    Giants Stadium Sues For Payment Of $302M Lehman Claim

    Giants Stadium LLC on Tuesday slapped Lehman Brothers Holdings Inc. and an affiliate with counterclaims in the parties' ongoing battle in New York bankruptcy court over the termination of interest-rate swap transactions, seeking payment of a $301.8 million claim.

  • September 9, 2014

    Top NY Court Mulls Toss Of Syracuse Coach Defamation Suit

    New York's high court on Tuesday delved into whether Syracuse University men's basketball coach Jim Boeheim engaged in protected statements of opinion, or defamatory factual statements, when he said two men who accused a former assistant coach of molestation were liars out for a payday.

  • September 9, 2014

    NFL Must Show Economic Info Behind $765M Concussion Deal

    A Pennsylvania federal judge on Monday ordered the National Football League to provide information on the economic reports used to calculate payouts under its $765 million settlement of the multidistrict litigation brought by former players over concussions.

  • September 8, 2014

    NJ's About-Face On Sports Betting Will Reignite Legal Row

    The New Jersey attorney general's unexpected directive on Monday to greenlight sports betting at casinos and racetracks is a legal curveball that raises novel states' rights arguments, and it will certainly send sports leagues sprinting into court to restart litigation long thought to be settled in order to stop the policy, experts say.

  • September 8, 2014

    NJ Court Frees Golf Club From Live-In Worker's Injury Suit

    A New Jersey appellate panel on Monday freed a golf club from a negligence suit filed by its superintendent, ruling that although the superintendent’s injury was compensable despite taking place in his on-site residence, the club is shielded by statutory employer immunity.