Hospitality Law360 provides breaking legal news and analysis on the hospitality industry. Coverage includes litigation, policy developments, and corporate deals involving hotels, casinos, cruise lines, restaurants, amusement parks, entertainment venues, travel services providers, and other hospitality companies.
Cracker Barrel said Tuesday it has struck a $140 million deal for a non-controlling stake in a Denver-based hybrid business that combines restaurant qualities with social gaming, laying the foundation for potential ownership down the line.
After being hit with a $3 million verdict over sex assault claims brought by a waitress at a Philadelphia restaurant, the ex-CEO of a New Jersey mortgage lending firm accused his former attorneys on Monday of botching his defense in the case.
Beyond following the rules for safeguarding sensitive customer data, any business that uses sensitive data as part of its decision-making must pay attention to recent regulator actions and concerns about how companies use that data, say attorneys at Jenner & Block.
Travelers Indemnity Co. may be responsible for more than the $300,000 it already paid to the owner of several floors of a downtown Chicago high-rise that flooded and allegedly suffered over $8 million in damage, after a federal judge on Monday said eight floors of the building were mistakenly excluded from the list of insured parties.
NexPoint Hospitality Trust said Monday it will acquire Condor Hospitality Trust and its 15 hospitality properties for $318 million in a deal steered by Winston & Strawn, Goodmans LLP and McGrath North.