November 11, 2013 |
In its bid for Philadelphia's second casino license, Penn National Gaming Inc. has proposed an ownership structure that would steer two-thirds of the profits to schools and the city's woefully underfunded pension fund. In Maryland's Prince George's County, Penn National has gone further, promising 100 percent of profits to an educators' retirement plan and a neighborhood health network. Playing a key part in both of those proposals is a new company that Penn National spun off to shareholders on a tax-free basis effective Nov. 1. Penn National is not in the Philly 50 but is based nearby, in Wyomissing, Pa. The spin-off is Gaming & Leisure Properties Inc., a real estate investment trust that has assumed ownership of the real estate associated with most of Penn National's casinos.
January 12, 1988 |
Philadelphia's roster of major-league law firms has an addition. The new firm is Myerson & Kuhn, which is touting itself as an all-star player in the nation's legal arena with an impressive list of clients and revenues that it expects to top $50 million in its first year. The firm, which already has about 150 lawyers, opened offices last week in Philadelphia, New York and Dallas. Bowie Kuhn, the commissioner of major league baseball from 1969 to 1984, who was counsel to the prestigious New York law firm of Willkie Farr & Gallagher, is a name partner of the new firm.
January 6, 1988 |
Labor litigation specialist Stephen J. Cabot has left the Philadelphia law firm of Pechner, Dorfman, Wolffe, Rounick, and Cabot to team up with former baseball commissioner Bowie Kuhn and another high-profile New York lawyer to form a new firm, Myerson & Kuhn. The new firm will be based in New York, with offices in Philadelphia and Dallas. Harvey Myerson was formerly former managing partner of New York's Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, which used to be the nation's fourth-largest law firm and was dissolved several weeks ago. Kuhn had been affiliated with Willkie Farr & Gallagher in New York.
May 28, 1992 |
The Newtown Township Board of Supervisors on Tuesday dropped the firm that has been performing its traffic signal maintenance for 15 years and signed on with Lobec Inc. of Broomall for a one-year pact. The supervisors chose Lobec, whose bid was $3,900, over Signal Service Inc. of Exton, the township's long-term provider whose bid was $6,300. "I thought it was time to put it out to bid," said Township Manager Larry M. Comunale, who added that Lobec had been lauded by area townships.
July 31, 1992 |
A two-year-old law firm started by John M. Elliott, one of the city's most visible lawyers, has broken up. Robert J. Bray Jr., co-chairman of Elliott & Bray, filed suit in Montgomery County Common Pleas Court last month asking that the firm he set up with Elliott in 1990 be "wound up and dissolved" and that a receiver be appointed for its assets. Bray's suit does not specify any causes for the breakup. In an interview yesterday, Bray said the breakup was a private business matter that he hoped to "resolve amicably.
January 25, 1986 |
Three of the nation's five minority-owned brokerage houses, including one in Philadelphia, are teaming up to launch a new financial-services company. The new corporation - to be formally announced at a news conference here next week - will be a joint venture of Daniels & Bell of New York; Pryor, Govan, Counts & Co., of Philadelphia, and Metro Equities Corp., of Chicago. Travers J. Bell Jr., chairman of Daniels & Bell, said yesterday that the new corporation was aimed at serving "not just the minority market, but the 'under-serviced' market" of small investment firms, those with capitalization of between $5 million and $25 million.
January 7, 1988 |
Philadelphia has won one and lost one. Labor litigation specialist Stephen J. Cabot has left the Philadelphia law firm of Pechner, Dorfman, Wolffe, Rounick & Cabot to team up with former baseball commissioner Bowie Kuhn and another high-profile New York lawyer to form a new firm, Myerson & Kuhn. And, at the same time, Pechner Dorfman is being dissolved. The remaining partners in the 70-year-old firm, including chairman Leonard Schaeffer and Charles Bowser, could not be reached for comment yesterday.
May 2, 1995 |
The Camden School District's new insurance broker yesterday met a May 1 deadline for keeping the district insured, and did so for $130,000 less than the coverage provided by a Cherry Hill-based insurance firm owned by former Camden County Party boss George E. Norcross 3d. Concerns that the new broker may not have been able to meet the deadline were raised at a school board meeting last week at which Norcross' Keystone National was kicked off...
November 29, 2012 |
IS BRIAN TIERNEY, the former CEO of a company that owned the Daily News , taking his own name in vain? If he wasn't already, he might be now, given a civil suit that was filed this week in Common Pleas Court in which Tierney is listed as both a defendant and a plaintiff. The case of Tierney v. Tierney pits the public-relations guru and his new firm, Brian Communications Group, against his old company, Tierney Communications, which claims that Tierney is violating an agreement not to use his own name in another business.
March 8, 2013
A NONPROFIT GROUP in Washington thinks that we should know the players in the City Council fight to provide paid sick leave for more people employed here. We couldn't agree more. That's why we were curious about the reluctance of the nonprofit ROC Exposed to tell us more about itself. The group takes its name from its stated mission, exposing Restaurant Opportunities Centers United, a pro-labor organization that pushes for paid sick days for restaurant workers. ROC Exposed, in an email to reporters just before a Council hearing Tuesday on paid sick leave, said that the issue was being pushed by a "labor union front group.