Burkle Made 'World War III' Threats, Morgans Investor Says

Law360, New York (May 24, 2013, 4:54 PM EDT) -- An amended brief in the Morgans Hotel Group Co. saga on Thursday revealed new tidbits, casting doubt on the independence of some directors and portraying Ron Burkle as a control-hungry raider who threatened “World War III” if his recapitalization was rejected.

The details emerged in a less-redacted version of a filing in Delaware Chancery Court, where Morgans' biggest shareholder OTK Associates LLC is suing the board and Burkle's Yucaipa Cos. LLC. OTK claims the board rammed through a debt-for-equity swap that will see Burkle increase his...
To view the full article, register now.