Philippine Casino Deal in Limbo After US Judge's Refusal to Intervene

A proposed merger involving a major Philippine casino operator has been thrown into uncertainty after a U.S. federal judge declined to issue an order compelling the deal’s closure. The decision marks a significant setback for the parties involved, who had sought judicial intervention to force the transaction forward amid ongoing legal disputes and delays.

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

Court: Damage Must Result from Misrepresentation

In a recent ruling, the court reaffirmed that liability for negligent misrepresentation cannot be established without actual harm or damage to the plaintiff. The decision underscores a key element of the tort — that a false statement alone is insufficient for legal action unless it directly causes measurable injury. This clarification helps set clear limits on misrepresentation claims and reinforces the importance of proving real-world consequences in such cases.

https://medium.com/@alexeisema....n420/holding-that-li

Legal Green Light: Okada Manila Authorized to Ditch SPAC Deal

Okada Manila has secured a significant legal victory as the court ruled in its favor, authorizing the termination of its proposed merger with a special purpose acquisition company (SPAC). The decision marks a turning point in the ongoing dispute, allowing the Philippine-based integrated casino resort to walk away from the SPAC deal without legal repercussions. The ruling reinforces Okada Manila’s strategic autonomy and may reshape its future plans for public listing and expansion.

https://www.casino.org/news/ok....ada-manila-can-end-s

Leadership Shakeup Sought After Okada Merger Falls

After the collapse of the planned merger between 26 Capital Acquisition Corp. and Okada Manila, a key investor is calling for a leadership shakeup within the company. The investor has formally requested the removal of Jason Ader as Principal, citing dissatisfaction with how the deal was handled and broader concerns over strategic direction and corporate governance.

https://website6380752.nicepage.io/

Move to Remove Ader Follows Okada Merger Collapse

Following the collapse of the proposed merger between 26 Capital Acquisition Corp. and Okada Manila, one of the company’s investors has formally called for the removal of Jason Ader as Principal of 26 Capital. The merger, initially valued at over $2.5 billion, was expected to bring one of Asia’s premier integrated casino resorts to the public market through a SPAC deal.

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