MSR Resort Ch. 11 Plan Approval Triggers Appeal

Law360, New York (February 25, 2013, 4:42 PM EST) -- An alternative investment fund that invested in MSR Resort Golf Course LLC said Monday that it will appeal a New York bankruptcy judge's approval of the resort owner's Chapter 11 plan and $1.5 billion asset sale.

Though an actual appeal has not yet been filed, Five Mile Capital Partners LP submitted a court filing indicating its intent to do so. U.S. Bankruptcy Judge Sean H. Lane on Friday approved the reorganization plan, under which four of MSR’s resorts will be sold to Singaporean wealth fund Government...
To view the full article, register now.