Revel AC Inc., owner of an Atlantic City, New Jersey, casino, won court approval to exit bankruptcy under a deal with creditors that cuts debt and gives them ownership of the resort just 13 months after it opened.
Billionaire John Paulson sought bankruptcy court protection for a real estate unit of his hedge fund after executives there were sued for alleged conflicts of interest in the asset sales of five bankrupt resorts.
Trump University, which promises to teach developer Donald Trump’s “insider success secrets,” must show that an ex-student knew she was making false statements when she accused the school of unethical and deceptive practices, a court ruled.
ArcelorMittal USA LLC, part of the world’s biggest steelmaker, sued units of OAO Severstal, Russia’s second-largest steelmaker, and Nisshin Steel Holdings Co. for allegedly infringing a patent for metal used in auto parts.
Paulson & Co. executives were sued for alleged conflicts in the handling of intellectual property assets in the bankruptcy of a group of resorts including Miami’s Doral golf course, where Tiger Woods won his 76th PGA Tour event last month.
Donald Trump , the real estate developer turned TV personality, is betting his name will boost the value of his golf courses even as the premium for the brand declines on condo properties and ratings slide on his show, “The Apprentice.”
The Scottish government approved a plan to build a wind farm off the coast of Aberdeen that was opposed by billionaire New York investor Donald Trump because it’s in sight of his championship golf course.
Revel AC Inc., an Atlantic City, New Jersey, casino owner trying to exit bankruptcy next month, asked a judge to disband an official committee of unsecured creditors, calling its potential oversight unnecessary.