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Bill Gates' Cascade Buys Four Seasons Hotel In Houston
Cascade Investment LLC, a company owned by Bill Gates, agreed to buy the Four Seasons Hotel Houston for an undisclosed amount from Maritz, Wolff & Co.Two months before the commission's antitrust allegations were scheduled to go to trial, Intel and the FTC have called a time-out to negotiate a consent decree.
Leak of CIA Officer's Identity Tests Executive Privilege Issues
For attorneys working in the Bush White House, the launch last week of a Justice Department investigation into who disclosed the identity of a CIA officer presents an unfamiliar and unwelcome set of problems. As the probe proceeds, the White House counsel and his staff will have to make decisions about what to hand over and what to shield -- sticky issues for an administration that has been unyielding on assertions of executive privilege.Power Company Calpine Files Year's Largest Bankruptcy
Power generation company Calpine Corp. filed for Chapter 11 late Tuesday. It is the country's largest bankruptcy this year by assets and the eighth largest in U.S. history. The builder, owner and operator of power plants cited numerous reasons for its bankruptcy petition and those of 19 affiliates. The final straw for Calpine was the Delaware Supreme Court's affirmation of a Court of Chancery ruling on litigation over the company's use of asset sale proceeds for fuel purchases.Testing the Constitutionality Of McCain-Feingold Law
On Sept. 8, the U.S. Supreme Court will be packed to the rafters as the justices hold an extraordinary four-hour session to consider the constitutionality of the Bipartisan Campaign Reform Act of 2002.In this installment of excerpts from the Arbitration Scorecard, we look at a $10 billion dispute over smartphone technology and a $10 billion dispute involving a Turkish family's business empire.
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