Hip-Hop Group Black Sheep Files $750M Lawsuit Against Universal Music Group Over Royalties
Black Sheep files class action lawsuit against Universal Music Group for more than $750 million
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Reps. Ayanna Pressley and Rashida Tlaib Announce The BREATHE Act, Calling For Defunding Police, Reparations, and Universal Basic Income
Reps. Ayanna Pressley and Rashida Tlaib announced the BREATHE Act, a proposal for sweeping legislative changes to the criminal justice system.
LeBron James Shows Support for Black NASCAR Driver Bubba Wallace After a Noose Was Found in his Garage
LeBron James expressed his support to NASCAR's Bubba Wallace after a noose was found hanging is his garage
Alleged Drunk Driver Arrested After Driving Truck Into NYC 4th Of July Gathering, Killing 3 People
Daniel Christopher Hyden drove a pickup truck into a park, killing three while injuring eight others.
Sizzling Returns
Thompson hospitality was in crisis mode. Founded a few months earlier in 1992 when CEO Warren M. Thompson negotiated a leveraged buyout of 31 Big Boy restaurants from Marriott Corp., the fledgling company was neck-deep in debt. Herndon, Virginia-based Thompson Hospitality Corp. (No. 12 on the BE industrial/service companies list with $321 million in revenues) acquired the Washington, D.C., Maryland, and Virginia restaurants for $13.1 million. THC also raised $1.9 million in capital from about 25 investors, and Thompson anted up about $100,000 of his own cash to convert the locations into Shoney’s restaurants. But the transaction wasn’t going according to plan.