February 9, 2015 |
Legal maneuvers over the potential sale of the bankrupt Revel Casino Hotel flew into the weekend as Florida investor Glenn Straub's Monday deadline to buy the property for $95.4 million approached. "The whole thing has gotten a lot more complicated," said Stuart J. Moskovitz, an attorney for Straub. Straub has agreed to buy the Atlantic City complex - which cost $2.4 billion to build - but on terms that have been under attack by Revel's tenants. Lawyers for ACR Energy Partners L.L.C., which owns the utility plant that supplies electricity and hot and cold water to Revel, filed an emergency motion Saturday morning in U.S. District Court in Camden.
February 4, 2015 |
It's back to the negotiating table for the NFL and thousands of its former players suing the league over concussion-related health problems. U.S. District Judge Anita Brody, who is overseeing settlement efforts on behalf of the league's more than 20,000 potentially eligible retirees, has asked for further revisions to a deal that could pay out as much as $1 billion over 65 years. The move came seven months after she granted preliminary approval to the plan. In an order filed Monday, Brody ordered both sides to attempt to amend their settlement proposal to widen eligibility for some former players and their families.
January 22, 2015 |
IT TURNS OUT when you rent a ritzy Society Hill condo to your mistress and let her pay for it with sex - as a lawsuit alleges a high-powered Brooklyn real-estate mogul did - you probably shouldn't list your wife as a property manager. But Stuart Venner, according to a civil lawsuit filed by his wife on Friday in Philadelphia, may have made that mistake. In the suit, Grace Chang Venner alleges that her husband, a Brooklyn developer, drew up a 40-year lease last January for another woman to live in a stately, three-story brick rowhouse he bought in 2012 on Pine Street near 5th. But this wasn't just any lease, the suit claims: The agreement allegedly allowed defendant Panadda Pratomtang to rent the property for $1 a month until 2053 "in return for her providing prostitution services to Board Member, [Stuart]
January 10, 2015 |
The Downingtown Area School District has come to an agreement with Columbia Gas Transmission over a proposed pipeline that will run through three Downingtown-area school properties. The school district will receive $512,115 from Columbia Gas Transmission in exchange for easements under the deal, approved at a school board meeting Wednesday. The gas company must also restore school land affected by construction - including two athletic fields - and pay the district's legal fees related to the project.
January 10, 2015 |
When the 76ers play the Nets on Friday night in Brooklyn, there won't be any on-court reunions with former teammates for the three players involved in a Dec. 11 trade between the teams. That's because none of them will be there. As with many of the Sixers' transactions, that trade wasn't about improving, or even affecting, the current product on the court. It was about an exchange of assets, and this one involved players, draft picks, and money. The difference with this transaction, however, is there are lingering hard feelings about how it played out and unsettling questions from some league sources about the way Sixers general manager Sam Hinkie handled the deal.
January 3, 2015 |
An agreement of sale has been reached between the owners of the closed Ocean Spray cranberry plant in Bordentown City and a seasoned developer of industrial spaces, Mayor Joe Malone 3d said in an interview this week. Modern Recycled Spaces of Hamilton, Mercer County, which has converted closed factories in the area into mixed-use developments, is finalizing plans to purchase the plant and has plans to open an upscale grocery and a microbrewery at the site, Malone said. "We're very excited about the possibility of it being converted into a multiuse facility," he said.
December 8, 2014 |
Dish Network subscribers again have access to programming such as the Late Show with David Letterman, as Dish and CBS announced an agreement Saturday that will restore access to CBS3 (KYW-TV). Dish Network Corp. and CBS Corp. said they would not disclose financial terms of the multiyear deal for Dish to carry CBS-owned stations, CBS Sports Network, Smithsonian Channel, TVGN, and Showtime Networks. The Philadelphia-area CBS affiliate was one of more than two dozen stations across the country blacked out Friday during an impasse over the CBS Sports Network, Dish said in a statement Friday night.
October 15, 2014 |
AFTER negotiating for five years, SEPTA has settled with one of its Regional Rail unions. The Brotherhood of Locomotive Engineers and Trainmen reached a "tentative agreement" with the transit authority yesterday afternoon, according to a statement from union leaders. The parties approved a contract that, once ratified by the union's 200 members and by SEPTA's board of directors, would cover the union through July. "This agreement keeps the trains rolling in Philadelphia," union vice president Steve Bruno said in announcing the agreement.
October 15, 2014 |
Negotiators for SEPTA and Regional Rail locomotive engineers reached a tentative agreement, which will avert a possible commuter rail strike if the pact is accepted by the engineers and the SEPTA board. The deal provides for SEPTA's 220 engineers to get an 8.5 percent wage increase when the contract is approved and a 3 percent raise next April. The engineers, who have not received a raise since their last contract ended in 2010, also will get a $1,250 "signing bonus" and a 35-cent-an-hour increase immediately to reflect a traditional differential above conductors' pay. All together, the engineers' increases will amount to 13.3 percent above current pay by April, the union said.
October 8, 2014 |
A Luzerne County judge said Monday that he would rule soon on proposed sanctions against Albert Whitehead, a Fairmount man who has admitted violating a non-disparagement agreement with Sundance Vacations, a Wilkes-Barre company that markets prepaid lodging packages through an annual sweepstakes it promotes at Sixers and Flyers games and other events. Whitehead, 73, appeared Monday before Judge Michael Vough, who heard testimony on whether the former timeshare and vacation-club salesman has access to funds to pay about $13,000 in Sundance's costs for its efforts to enforce the non-disparagement agreement.