A claims management service assisting former NFL players with a settlement in multidistrict litigation over brain injuries urged a Pennsylvania federal court Thursday to allow the ex-players to pay a portion of their awards to third-party lenders and claims services providers, saying the court lacks jurisdiction over the nonparties.
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.
A former sports media and marketing executive estimated Thursday during cross-examination in the FIFA corruption trial that he and his company had agreed to pay around 30 individuals approximately $160 million in bribes to control South American soccer marketing rights, the revelation of which provided a clearer picture of the scope of alleged corruption in international soccer.
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.
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.
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.
A former federal prosecutor and Squire Patton Boggs LLP attorney, who represents a client in the FIFA corruption scandal and has prosecuted New Jersey officials for public corruption, has joined Nelson Mullins Riley & Scarborough LLP.
The Russian Anti-Doping Agency will remain noncompliant with the global anti-doping code after failing to fulfill two criteria following an independent investigation into a state-sponsored doping ring, the World Anti-Doping Agency said Thursday in Seoul, South Korea.
The National Football League urged a Massachusetts federal court Wednesday to pause a lawsuit filed by Aaron Hernandez’s daughter over his late-stage chronic traumatic encephalopathy pending a panel decision about whether to transfer the case to multidistrict litigation.
Tensions rose in the FIFA corruption trial on Wednesday as prosecutors asked a federal judge to place one of the defendants in jail during the trial after he allegedly made a “slicing motion across his throat” at a government witness who testified that the defendant and other soccer officials agreed to take millions of dollars in bribes.
Velocity Holding Company Inc. and its 18 powersports industry subsidiaries filed for Chapter 11 bankruptcy in Delaware on Wednesday, declaring liabilities of more than $100 million in a comprehensive recapitalization aimed at eliminating $300 million in debt.
A California federal judge has bounced claims of conversion and unjust enrichment in a former producer's case against the director of Showtime’s 2015 documentary on ex-NBA star Allen Iverson, but allowed copyright infringement claims to proceed to trial.
An attorney for an Adidas executive charged in a wide-ranging bribery scheme to pay college basketball athletes to play for Adidas-sponsored schools and hire certain agents after they went pro on Wednesday told a Manhattan federal judge that no colleges were defrauded.
Dallas Cowboys star running back Ezekiel Elliott has dropped his appeal of a domestic violence suspension at the Second Circuit and will sit out the next five games, his agent and attorney announced Wednesday.
A Sixth Circuit panel on Wednesday reversed contempt findings against a gym and its managers for failing to pay $2.4 million in attorneys’ fees, ruling the settlement of a suit brought by gym members over allegedly unfair gym fees did not go into effect until the U.S. Supreme Court declined to hear an appeal earlier this year.
NFS Leasing Inc. has won $5.7 million in damages from an executive whose Wi-Fi supply company defaulted on a lease agreement for supplying Wi-Fi to sports arenas, according to filings in Massachusetts federal court Wednesday that show the company owes nearly $8.1 million as well.
The estate of a former University of North Carolina football player launched a proposed class action lawsuit Wednesday against the National Collegiate Athletic Association and the Atlantic Coast Conference, alleging that the organizations failed to protect the athlete from brain trauma that contributed to his homelessness and eventual death.
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.
Litigator Roberta Walburn’s rollicking new book, "Miles Lord: The Maverick Judge Who Brought Corporate America to Justice," is a really good read — a fascinating story about a life lived in the heat of battle and usually at the edge of what might have been considered appropriate for a federal judge, says Chief U.S. District Judge John Tunheim of the District of Minnesota.
For as long as e-discovery lawyers have been using technology assisted review, a belief has persisted that it cannot be used economically or effectively in small cases. But TAR can be highly effective in small cases, typically reducing the time and cost of a review project by 60 to 80 percent, say John Tredennick, Thomas Gricks III and Andrew Bye of Catalyst Repository Systems LLC.
President Donald Trump has publicly advocated for NFL owners to fire players who refuse to stand for the national anthem at football games. This raises the question: Would it be unlawful to fire an employee for refusing to do so, if the basis were to protest perceived societal racial injustice? asks David Gottlieb of Wigdor LLP.
The Sedona Conference Working Group's updated Sedona Principles provides a timely reminder that the legal industry needs to be thinking more seriously about the interconnectedness between e-discovery and information governance, says Saffa Sleet of FTI Consulting Inc.
Albert Einstein famously said, “The definition of insanity is doing the same thing over and over again, but expecting different results.” That maxim applies to large companies that seek more value and diversity from their outside counsel by expecting big firms to change. There’s a simple solution to this problem, according to attorneys Margaret Cassidy, Sara Kropf and Ellen D. Marcus.
Payment collection delays have caused law firms to seek new options, one of which is litigation finance. In this context, litigation finance can offer alternative avenues to firms as they approach the end of a fiscal year or partnership distribution dates, says Travis Lenkner of Burford Capital LLC.
Imagine going to a restaurant and ordering your steak medium-rare. The steak arrives burned. You expect the kitchen to bring you another one properly done, right? And you don’t expect to pay for two steaks, do you? Paying a vendor for document review should be no different, says Lisa Prowse, an attorney and vice president at e-discovery firm BIA Inc.
Last December, the World Anti-Doping Agency issued its final report on Russian doping. No athletes were proven guilty, yet hundreds were punished. The results in individual cases so far — 95 out of 96 athletes have been cleared of wrongdoing — clearly show that due process makes a huge difference, says Ronald Katz of GCA Law Partners LLP.
Although the Trump administration has completed the vetting and confirmation of a cabinet and White House staff, thousands of senior positions remain unfilled throughout the executive branch. More than ever, people selected for those posts find themselves under close scrutiny, say Adam Raviv and Reginald Brown of WilmerHale.
In our recent survey of business of law professionals, nearly half of respondents said that who they collaborate with, inside their law firm, is different from five years ago, says Chris Cartrett of legal software provider Aderant.