MSR, Hilton's Post-Trial Damage Estimates $288M Apart

Law360, New York (July 19, 2012, 10:33 PM EDT) -- Bankrupt resort operator MSR Resort Golf Course LLC and a Hilton Worldwide Inc. unit remain more than $288 million apart after submitting dueling post-trial estimates Thursday of losses Hilton would suffer from MSR's proposed rejection of a property management deal.

Following five days of trial in New York bankruptcy court, both sides entered proposed findings of fact and conclusions of law giving their version of the damages to Hilton's Waldorf-Astoria Management LLC if the debtor rejects the management agreement that governs three of MSR's five luxury...
To view the full article, register now.