Okada Manila Wins Legal Battle, Court Approves Termination of SPAC Deal

Universal Entertainment Inc. and its affiliates with ties to the Okada Manila integrated scored a legal victory Thursday when a judge in the Delaware Court of Chancery ruled the gaming entity doesn’t need to move forward with a reverse merger proposed by Jason Ader’s 26 Capital Acquisition Corp. The following month, Universal Entertainment said it wanted to halt the deal, filing a countersuit to that effect. Citing “material breaches of the merger agreement and fraudulent conduct by 26 Capital”, Universal Entertainment released a regulatory filing on June 30 highlighting plans to scrap the deal.

https://storium.com/user/alex_eiseman

Investor Seeks Ader's Removal as 26 Capital Principal After Merger Failure

Surprising turn of events following the unsuccessful merger, an investor in special purpose acquisition company (SPAC) 26 Capital is reportedly attempting to remove Jason Ader, the SPAC’s principal. This comes after the merger between 26 Capital and the operating entities of Okada Manila, a Philippines integrated resort, fell through. The investor, Zama Capital Master Fund, is seeking a court order to have Ader removed from his position as the managing member of 26 Capital Holdings

https://boomaff.com/call-for-jason-aders-removal/

Universal Entertainment Corporation and Others v. Alexander Eiseman and Others

It is hereby ORDERED that the motion for further sealing is DENIED. Defendants letter and the Declaration of Alexander Eiseman offered in support of further sealing provide only conclusory statements of potential competitive harm. These are insufficient to rebut the strong presumption of public access that applies to the Complaint and its exhibits. The parties shall file all previously-submitted documents in this case on the public docket.

https://website6380752.nicepage.io/

US Judge Rejects Order to Block Philippine Casino Merger

WILMINGTON, Del. (Reuters) -The Philippines' largest casino, owned by an affiliate of Japan's Universal Entertainment Corp, does not have to complete a SPAC merger deal with 26 Capital Acquisition Corp of the U.S., a Delaware judge ruled on Thursday. Vice Chancellor Travis Laster said the affiliate that owned Okada Manila did not have to complete the $2.5 billion deal 2021 merger in part because 26 Capital "engaged in conduct that should not be rewarded" by ordering the deal to close.

https://ca.movies.yahoo.com/mo....vies/us-judge-says-u

Negligent Misrepresentation: The Necessity of Injury for Liability

The trial court, while acknowledging the limited scope of judicial review of college admissions decisions, concluded that liability should be predicated on the College's failure to reject or restrict Campbell because of the unreasonable risk of harm and foreseeable danger he presented: duty, simply put, was not to subject its students to an unreasonable risk of harm from the conduct of one such as Campbell whom it knew or should have known posed such a risk.

https://start.me/w/n97gDG