Venture

Federal Court Upholds Eklutna Tribe’s Casino Venture Amid Local Controversy

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Anchorage, Alaska — A U.S. District Court judge has ruled in favor of a tribal casino near Anchorage, backing the Native Village of Eklutna and its newly opened Chin’an Gaming Hall. The ruling comes amid contention from local residents who attempted to halt the project, citing concerns over traffic and noise disturbances in their community. The judge, James L. Robart, firmly dismissed arguments from Birchwood residents who contested the tribe’s federal recognition. According to Robart’s decision, the Eklutna tribal government was recognized by the U.S. Bureau of Indian Affairs in 1993. Furthermore, he pointed out … Read more

Dealstack Launches With $5.5M Backing: Former Top Lawyers’ Tech Venture Aims to Revolutionize Private Equity Workflows

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New York — In a notable stride toward ameliorating efficiency and productivity within private equity sectors, Dealstack, a burgeoning fintech and legal tech platform, has recently secured $5.5 million during its seed funding round. The round drew substantial support from senior professionals across a spectrum of prestigious firms, including Paul Weiss, Kirkland & Ellis, Latham & Watkins, as well as influential investors like KKR, CVC, TA Associates, and Goldman Sachs. Founded by Joel Arnell, a former partner at Kirkland & Ellis, and Seb Lapinski, a previous Oaktree Capital investor, Dealstack is engineered to automate intricate … Read more

Federal Judge Halts Major Media Joint Venture Over Antitrust Concerns, Threatening Sports Streamer Fubo’s Survival

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New York — A federal judge on Friday temporarily halted a major collaborative effort by The Walt Disney Co., Fox Corp., and Warner Bros. Discovery aimed at pooling their sports broadcasting rights. The halted project was set to establish a new streaming platform called Venu, targeting a market entry later this year. The decision came after Fubo, a competing sports streaming service, challenged the joint venture’s legality, arguing that it would significantly reduce competition within the industry. U.S. District Judge Margaret Garnett cited concerns that the launch of Venu could precipitate a mass migration of … Read more