Monday, 30 March 2015
Last updated 2 days ago
Jan 31 2014 | 12:16pm ET
Nevada's highest court has overturned the dismissal of a lawsuit filed by 47 hedge funds over a failed Las Vegas casino.
The hedge funds, led by Brigade Capital Management, were among the lenders who provided $2.5 billion in loans to the project, which would have built a new 63-story hotel and casino on Las Vegas' famed Strip. But the hedge fund alleged that the Fontainebleau Resort and Casino conspired with Union Labor Life Insurance to hide from the hedge funds that the project was in trouble and would not be completed due to hundreds of millions in cost overruns.
A Nevada district court judge dismissed the 2011 lawsuit against Union Labor, a ruling that the state's Supreme Court said yesterday was in error.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…