Law360, New York (July 19, 2011, 5:41 PM ET) -- The developer behind New York's newly built Cassa NY Hotel on Tuesday cleared a major stumbling block in its bid to emerge from bankruptcy, negotiating a way to resolve disputes with the hotel's builders.
A deal hashed out over the tables in U.S. Bankruptcy Judge Stuart Bernstein's Manhattan courtroom will largely preserve the right to a quasi-arbitration process that the contractors would have had access to if Waterscape Resort LLC had not filed for bankruptcy.
Wrangling over the particulars of the arbitration issue prevented the restructuring...
Cassa Hotel Developer Nears Ch. 11 Exit
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