Developer Loses Appeal Over London Luxury Hotels Stake

Law360, New York (July 03, 2013, 9:07 PM ET) -- Property developer Patrick McKillen was defeated Monday in a high-stakes battle for control over Coroin Ltd. — which owns three top London hotels — when the U.K. Court of Appeal tossed his suit against other Coroin investors that he accused of violating a shareholders agreement in the quest for ownership.

A three-judge panel for the U.K. Court of Appeal affirmed a September ruling by the High Court of Justice in the U.K., and found that the other investors, including brothers David and Frederick Barclay — who...
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