MSR, Five Mile Trade Jabs Over IP Assets From $1.5B Sale

Law360, New York (July 23, 2013, 7:32 PM EDT) -- Attorneys for MSR Hotels & Resorts Inc. and alternative investment fund Five Mile Capital Partners LLC on Tuesday took turns attacking each other with respect to some intellectual property assets that Five Mile says were mismanaged in a $1.5 billion sale earlier this year.

The lawsuit was originally filed as a derivative action in New York state court accusing executives of Paulson & Co., which owns the real estate investment trust, of failing to charge Government of Singapore Investment Corp., which purchased most of MSR's hotel...
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