Paulson Puts MSR Hotel REIT In Ch. 11 To End 'Terrorization'

Law360, New York (May 09, 2013, 8:41 PM ET) -- Paulson & Co. moved to put its real estate investment trust unit MSR Hotels & Resorts Inc. under Chapter 11 protection Wednesday in New York bankruptcy court, in an effort to avoid “continued terrorization” from a multimillion-dollar lawsuit by alternative investment fund Five Mile Capital Partners.

The REIT’s numerous affiliates, which once owned several luxury resorts across the United States before a bankruptcy sale, had already filed for bankruptcy protection in 2011, enduring several unsuccessful challenges from Five Mile. Paulson said Wednesday that Five Mile has...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required