Affinity Gaming, a corporation that operates casinos in Colorado among other states, has become entangled in a dispute involving its two largest shareholders. The dispute concerns control over the company and the reconstituting of Affinity's board.
Quiznos has settled 12 lawsuits that had been filed in state court in Colorado. The lawsuits are said to be offshoots of a class-action matter settled by Quiznos.
Duty Free America's anti-trust allegations directed at Estée Lauder have been dismissed by a federal judge. DFA is a travel retailer who had a prior business relationship with Estée Lauder until 2008. At that point Estée Lauder was said to have raised its prices and then declined an opportunity for DFA to negotiate a new business agreement.
Depending on a ruling by the U.S. Supreme Court, class-action securities lawsuits may be more difficult to bring. For the past 25 years class actions have been allowed based on the presumption that share prices can be affected by corporate acts. This presumption is now being challenged by Halliburton Co.
A real estate broker in Denver has filed a counter claim in response to a lawsuit against her, which was levied by Fannie Mae. According to reports, a contract with the broker, who received assignments from the federally-sponsored company, was terminated, and the company filed the lawsuit to affirm that the termination was lawful. In her response and counter claim, the broker asserts that the termination of her contract occurred as a result of her attempt to notify Fannie Mae of a number of alleged ethics issues.
The Denver International Airport has sued the Regional Transportation District for $53 million following a contract dispute. Although both entities have been working together on the South Terminal Redevelopment Program, there is a disagreement about who should pay for it. According to information revealed from the recent lawsuit, the disagreement was first brought to a mediator in May of 2012.
A Colorado Springs investment group is under investigation by the Securities and Exchange Commission for possibly defrauding investors out of more than $31 million. The 59-year-old CEO faces accusations of falsely representing his company and promising nearly a five-fold return on investments. The SEC claims that he took the money from investors and spent it on himself for high-dollar items. Several other codefendants, all from out of state, are also named in the business litigation lawsuit.
Colorado businesses may be interested in a current dispute involving the federal Family and Medical Leave Act, which entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons. A Pennsylvania company is now involved in business litigation from an employee who had asked for time off to care for her fiance, who had cancer. The company granted the request, but the employee didn't use all of the 12 weeks allowed and requested to take the remaining allotted time off in the following calendar year.
In 2004, a Colorado business owner began a gold mining operation that attracted investors with millions of dollars. Investors provided their funds for gold mining operations that involved drilling holes into Tenderfoot Hill in Colorado Springs. Investors are now concerned that the owner is not actually using investment funds for the operation of the gold mines but that he is instead using them for his personal gain.
People who have been involved with business litigation know that satisfaction can take a long time to achieve. While patience is a virtue, some people might find that patience is wearing thin after two decades.