A lawsuit brought by Borgata and its parent company, MGM Resorts International, against its Atlantic City competitor Ocean Casino Resort has been settled, according to a statement issued this week from MGM. The legal action revolved around Ocean hiring away Borgata marketing employees and having access to its trade secrets.
Theresa (Terry) Glebocki, CEO of Atlantic City’s Ocean Casino Resort, shown here. Ocean Casino and MGM Resorts-owned Borgata recently settled a lawsuit brought against Ocean. (Image:
Shore Local Newsmagazine)
Borgata filed the court action in federal court last August. On April 24, the two sides “amicably resolved their disputes in a global settlement agreement whose terms will be largely fulfilled within … 120 … days,” according to a court document.
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Atlantic City Casino Tries To Pause Trade Secrets Suit
Law360 (February 8, 2021, 6:43 PM EST) Ocean Casino Resort has asked a New Jersey federal court to pause Borgata Hotel Casino & Spa s lawsuit claiming its Atlantic City rival lured away two marketing executives and trade secrets, saying the court should stay the case pending arbitrations between Borgata and its ex-employees.
A stay will promote judicial efficiency and economy because Borgata s arbitrations with former executives William Callahan and Kelly Ashman Burke will either simplify, answer or moot the hotel casino s issues with Ocean, the casino resort said Friday in its motion to stay, adding Borgata has already subpoenaed Ocean in the Burke arbitration.