$19M Claim Put To Bed In River Road Hotel Bankruptcy

Law360, New York (April 25, 2013, 6:05 PM EDT) -- The final substantial claims dispute in River Road Hotel Partners LLC's Chapter 11 plan was settled Wednesday, as a $19 million initial claim was dramatically slashed down to $52,500, clearing the way for the liquidating hotel developer to start paying its creditors.

The agreement with EREF Mezzanine LLC was filed in the U.S. Bankruptcy Court for the Northern District of Illinois, and comes nearly 18 months after the Chapter 11 plan was approved by the court in late 2011.

“We’re satisfied with the settlement and reasonably...
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