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Fontainebleau Las Vegas files $3B suit vs. lenders
LAS VEGAS AP - Developers of a $3 billion casino-resort on the Las Vegas Strip are scrambling to keep $800 million in promised funding or find new lenders to save the 3,800-room project and the thousands of jobs it is expected to create.The developers building the Fontainebleau Las Vegas filed a $3 billion lawsuit against 11 lenders late Thursday, saying their project could be doomed after the banks reneged on their promised loans.3rd Circuit Certifies Comcast Antitrust Class Action
In a setback for cable television giant Comcast Corp., a federal appeals court has refused to de-certify a class action antitrust suit brought by consumers who claim the company set out to establish a monopoly in the Philadelphia market.Tousa says insurance companies refuse to pay up
Bankrupt home-builder Tousa and its subsidiaries claim their insurance companies are refusing to pay out on liability coverage protecting company directors and officers.Sutherland continues steady comeback
Sutherland Asbill Brennan may have lost its footing in 2009, but the firm has climbed back, showing steady gains in revenue in 2010 and 2011.The firm reported $305.5 million in revenue in 2011-a 5 percent increase compared with 2010 and a 13.6 percent increase compared with 2009, when revenue fell to $269 million.Trial Opens in Patent Suit Between Web Translation Competitors
Bills of $17 Million Approved in Dewey Case
Before the fees and expenses for advisers were approved on Thursday, a few minutes were spent celebrating how swiftly the Dewey proceedings have moved along compared to the bankruptcies of other failed firms.Trending Stories
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