Thursday, December 3, 2009

Trial Attorney Willie Gary and Team File $5 Billion Lawsuit against SUBWAY's Co-Founder and President, Fred DeLuca for Breach of Contract, Fraudulent

WEST PALM BEACH, Fla., Dec. 3 /PRNewswire/ -- Prominent trial attorney Willie Gary along with his law partners Maria Sperando, CK Hoffler and Manny Socias of the law firm of Gary, Williams, Finney, Lewis, Watson & Sperando, P.L. filed a $5 billion lawsuit on behalf of Anthony V. Pugliese III and his business against the Co-Founder and President of SUBWAY, Fred DeLuca. The lawsuit was filed today in Palm Beach County (case #502009CA040295XXXXMB).

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Papa John’s rolls out franchisee incentive plan

Papa John’s International Inc. has rolled out an incentive-laden plan aimed at attracting more franchisees for its pizza stores.

Louisville-based Papa John’s (NASDAQ: PZZA) said it will eliminate its $25,000 franchise fee, reduce its royalty rate and cover the cost of pizza ovens for franchisees that open stores in the United States by November 2010

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Developer plans to buy, update old Hilton

A group of Florida investors led by Miami condo developer Jorge Perez of The Related Group is in the final stages of negotiating the purchase of a troubled Hilton Hotel in downtown Pittsburgh, a deal signaling a new direction for the embattled developer.

The seller of the 50 year-old Hilton is Shubh Hotels, a private real estate investment and asset management firm in Boca Raton that bought the facility for $28 million in 2006.

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Isle of Capri Casino's loss expands 28% to $1.369m

ISLE of Capri signed off on its troubled management of Our Lucaya's casino with a 5.4 per cent year-over-year increase in its second quarter loss to $968,000, upon an almost-32 per cent fall in revenues to $1.418 million.

Revealing the losses sustained by Isle-Our Lucaya in the run-up to the end of its extended lease, the US gaming company said revenues for the three months to October 25, 2009, had fallen by almost one-third from the $2.072 million generated in the comparable period in 20o8.

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Folio Hotels portfolio split to create two new hotel groups

Folio Hotels – the 18-strong group of managed provincial hotels which went into administration last December – has been split between a newly formed hotel group, Akkeron Hotels and the Vineyard Group.

Eight properties have been sold to Akkeron Hotels, while seven have had their management contracts taken back in-house by The Vineyard Group – whose parent company, Sonoma, also owns The Vineyard at Stockcross and Donnington Valley hotel in Berkshire.

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Gordon Ramsay Holdings sells two-Michelin starred New York restaurant

Gordon Ramsay Holdings (GRH) has stepped back from the day-to-day involvement in its two-Michelin-starred restaurant at the London Hotel in New York.

The restaurant, which includes the London Bar modelled on the Maze restaurant concept as well as the eponymous fine-dining restaurant, is the fourth overseas venture GRH has sold this year.

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