The U.S. Supreme Court has refused to get involved in one of the higher-profile cases in the Stanford Group litigation, clearing the way for the receiver in the case to collect a $132 million settlement from two insurance brokerages involved in the scheme.
Hopes were high for Baton Rouge’s trio of riverboat casinos stepping into the new year and next decade after breaking the market’s two-year losing streak at the end of 2019 and carrying the first two months of the year with growing revenues.
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The LSU Board of Supervisors has opted not to call a special board meeting that had been tentatively planned for Tuesday to consider moving forward on a lucrative, long-term contract to modernize the energy system on the main Baton Rouge campus.
Controversy over a long-term, lucrative deal to modernize the aging energy system on the LSU main campus is intensifying, now that the university’s technical staff and consulting firm, KPMG, have recommended the board award the contract to Enwave Energy over Louisiana Energy Partners, a venture owned in part by businessman Jim Bernhard’s portfolio company Bernhard Energy.