Business Dispute News

San Jose: The Man Behind Casino M8trix Is Walking Away

Eric Swallow, who had taken over the bankrupt Garden City Casino and morphed it into the $50 million Casino M8trix, is walking away from it after a dispute with his business partners who testified against him at trial.

A Hedge Fund’s Tempur Tantrum

In February, Usman Nabi, senior partner at hedge fund H Partners, which owns 10 percent of Tempur Sealy International Inc., demanded resignation of several major Tempur Sealy executives, claiming the company was being mismanaged and threatening to make a public announcement to that effect. Months later, the executives in questions were ousted from the board.