$152M Knocked Off Potential Damages In MSR-Hilton Row

Law360, New York (July 31, 2012, 10:54 PM EDT) -- A New York bankruptcy judge handed down a mixed ruling Tuesday in a dispute between bankrupt MSR Resort Golf Course LLC and a Hilton Worldwide Inc. unit over the cancellation of property management agreements, with Hilton losing at least $151.5 million in sought damages.

U.S. Bankruptcy Judge Sean Lane's decision featured victories for both parties, whose damages estimations in two post-trial briefs differed by more than $288 million, with MSR saying Hilton was entitled to just $46.2 million in lost profits alone should it be allowed...
To view the full article, register now.