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Ron Burkle finally acquires Morgans Hotel Group | #iRockParties | sbe 

Ron Burkle can finally check into Morgans Hotel Group and its 878-room Hudson Hotel on Columbus Circle after a three-year wait.
His Yucaipa Cos. led a group of buyers early Wednesday morning that closed a deal to buy the boutique hotel operator for $2.25 a share, or $805 million, the parties confirmed. 210 more words

Nightlife

'El Cantante' Producer Julio Caro Sentenced to 18 Months in Prison for Embezzling

“El Cantante” told the story of Hector Lavoe, a Puerto Rican salsa star who spiraled into drug addiction and died of AIDS complications in 1993. Released in 2006, and starring then-newlyweds Marc Anthony and Jennifer Lopez, the independent film flopped at the box office, grossing just $7.5 million. 727 more words

News

Producer Julio Caro Sentenced To 18 Months In Prison For Ripping Off Ron Burkle

Producer Julio Caro has been sentenced to 18 months in federal prison for stealing nearly $1.5 million from billionaire Ron Burkle’s Yucaipa Corporate Initiatives Fund. 160 more words

Breaking News

Morehouse: Penguins No Longer Up For Sale

PITTSBURGH (NewsRadio 1020 KDKA) – Five months after Ron Burkle and Mario Lemieux put the Penguins up for sale, the team is starting their 50th season off the market. 92 more words

Syndicated Local

Film Producer Julio Caro Pleads Guilty to Embezzling $1.5 Million From Ron Burkle's Fund

Julio Caro, a manager and former producing partner of Jennifer Lopez, has agreed to plead guilty to embezzling nearly $1.5 million from billionaire Ron Burkle’s investment fund, federal prosecutors announced Friday. 309 more words

News

Relativity Sports Reborn as Independent Sports and Entertainment

The sports agency that was once piece of the Relativity Media empire claimed rebirth and a new name Monday as it tried to set itself apart from its previously bankrupt parent. 317 more words

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