Sullivan & Cromwell LLP-led Subway confirmed Thursday it has agreed to be acquired by affiliates of private equity firm Roark Capital, in a reported $9.6 billion deal that the sandwich chain said will help expand its "global presence and brand strength" with Roark's restaurant and franchise expertise.
Former MLB umpire Angel Hernandez struck out a second time in his racial bias suit on Tuesday, when the Second Circuit affirmed a lower court's summary judgment award that found Hernandez's failure to secure promotions and prime assignments was the result of subpar leadership and management skills.
Two South Florida casinos told the D.C. Circuit Monday that federal law was abused when it ruled a gambling compact between the state and the Seminole Tribe is lawful, even though it includes online sports betting, because it authorizes gaming off of Indian lands, according to a petition for a rehearing en banc.
Panini America is squaring off against Fanatics Inc. after filing a complaint Thursday accusing its rival of monopolizing the trading card business and trying to undermine it by gobbling up competition, stealing employees and surreptitiously locking in long-term contracts with major sports organizations.
Professional golfer Tiger Woods, who has mostly remained mum on recent controversy, has agreed to join the policy board of the PGA Tour, in an effort to mollify players as the organization navigates the combining of business operations with its rival the Saudi Arabia-backed LIV Golf Inc., according to an announcement Tuesday.