Burkle Seeks New Board Election In Morgans Hotel Fight

Law360, New York (July 2, 2013, 6:53 PM EDT) -- Billionaire investor Ron Burkle on Monday filed his second lawsuit in under a week relating to a proxy fight for control of Morgans Hotel Group Co., this time asking a New York federal judge for a new election for Morgans' board of directors.

Seven nominees from OTK Associates LLC — an investment firm controlled by the Olshan hedge-fund family and the Taubman mall moguls — defeated an incumbent slate from Burkle's Yucaipa Cos. for control of Morgans at a shareholder meeting in New York last month. Monday's...
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