Judge Checks Out Of $15M Loan Row Against Host Hotels

Law360, Houston (December 7, 2012, 6:23 PM EST) -- A Texas judge on Friday, after disclosing that his family holds assets with Amegy Bank NA, stepped down from a dispute in which the bank claims Host Hotels & Resorts LP allowed a partner to cash out interests collateralizing a $15 million loan.

Judge Robert Schaffer said that although he didn’t believe members of his family holding “large deposits” with Amegy would influence his rulings in the matter, he was becoming increasingly uncomfortable about presiding over the case without giving attorneys for Host Hotels the option...
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