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February 2012 Archives

Dal Toro settles trademark infringement lawsuit by Lamborghini

It appears that Dal Toro, the classic car show/restaurant company, has been stopped in its tracks by a lawsuit filed by Italian car maker Lamborghini. The company, which has a location on the Las Vegas Strip, has settled the suit and agreed to stop using a logo similar to Lamborghini's bull-in-shield design to promote itself.

Teva settles Las Vegas Propofol lawsuits for $250 million

Teva Pharmaceutical Industries Ltd., one of the largest drug makers in the world, has settled more than 80 lawsuits filed by Las Vegas residents that claim the plaintiffs contracted hepatitis C due to the way the company packaged one of its anesthesia products. As part of the settlements, Teva will reportedly pay more than $250 million to the plaintiffs, who had complained that the company's decision to sell the anesthetic Propofol exclusively in large vials led doctors to reuse the vials, increasing the chances the drug would become tainted.

Wynn fires back in litigation over foreign donation

The founder and CEO of Wynn Resorts Ltd. has responded to a lawsuit filed against his company by its then-largest shareholder with a suit of his own. In a lawsuit filed on Feb. 19, billionaire Las Vegas casino mogul Steve Wynn is accusing the shareholder of using the Wynn name for his own ends and of violating federal anti-corruption laws. Meanwhile, Wynn has forcibly repurchased the plaintiff's stock at a steep discount.

Former employees of Las Vegas restaurant sue for sexual harassment

Two former workers at RM Seafood Restaurant are accusing the restaurant's general manager of sexually harassing them and retaliating against them when they complained. The manager denies behaving inappropriately toward the employees and has filed a countersuit against one of the women who started the litigation.

SEC to examine investor's complaint about donation by Wynn

The Securities and Exchange Commission is getting involved in a dispute between members of the board of directors of Wynn Resorts Inc. One board member, a Japanese casino mogul who owns 20 percent of the Las Vegas-based company, recently sued Wynn Resorts over a $135 million donation it made to the University of Macau, implying that it did so to gain favor with the Macau government to protect its gaming concession there.

Nevada top court allows lawsuit against funeral home to proceed

The Nevada Supreme Court recently rejected a motion filed by a funeral home that argued that a lawsuit filed against the company by a family who endured what it says was a disastrous funeral that included the body falling out of the casket into the grave. The top court found that the litigation was filed within statute of limitations, allowing the personal injury suit to proceed.

Investment company sues movie producers over deal that soured

A company that invests in motion picture production firms is suing one of the companies it invested in for $44 million. The breach of contract lawsuit claims that Relativity Media defrauded the plaintiff, Aramid Entertainment, and wiped out its investment, partly due to interference by another investment group, which is also named in the suit.

Wynn Resorts embroiled in lawsuit with top shareholder

The Las Vegas casino giant Wynn Resorts has asked the Clark County District Court in Nevada to dismiss a suit by its largest shareholder after Wynn denied the shareholder the chance to view certain financial records. The shareholder is a resident of Hong Kong and owns 20 percent of the company. He is also questioning a pledge to donate $135 million to the University of Macau, located in the city known as the gaming capital of the world and where Wynn Resorts receives 70 percent of its overall profits.

Nevada lawsuits accuse Wingfield investors of fraud, extortion

Depending on whom you believe, prominent Nevada businessman and lobbyist Harvey Whittemore is either uses his companies' finances as his personal bank account, or he is the victim of unwittingly getting into business with an unscrupulous family with criminal ties that has forced him and his family to turn over millions of dollars in cash and personal property.

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