NorthStar Hard Rock Foreclosure A Ploy, Lenders Say

Law360, New York (February 3, 2011, 8:05 PM EST) -- Owners and senior lenders of Las Vegas' Hard Rock Hotel and Casino asked a New York judge on Thursday to stop NorthStar Realty Finance Corp. from initiating foreclosure under a credit agreement, arguing the fellow lender was trying to spark a bankruptcy filing.

A lawyer for the hotel-casino owner HRHH Gaming Junior Mezz LLC and its affiliates, James V. Kearney of Latham & Watkins LLP, argued before Judge Bernard J. Fried in the Supreme Court of New York, New York County, for a temporary restraining order...
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