MSR Seeks lP Asset Sale While Dodging Fund Suit In Ch. 11

Law360, New York (May 13, 2013, 7:29 PM ET) -- Paulson & Co.’s real estate investment trust MSR Hotels & Resorts Inc. said Monday it plans to use its Chapter 11 case to escape an alternative investment fund's multimillion-dollar lawsuit, so that it can move forward with a planned intellectual property asset sale.

Paulson & Co. placed REIT unit MSR Hotels & Resorts Inc. in bankruptcy in New York last week in an effort to avoid what it deemed “continued terrorization” from Five Mile Capital Partners over an earlier $1.5 billion sale of most of MSR’s...
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