Law360, New York (March 01, 2013, 6:07 PM ET) -- A New York bankruptcy judge refused Thursday to grant alternative investment fund Five Mile Capital LP’s bid for a limited stay of MSR Resort Golf Course LLC’s Chapter 11 plan confirmation and $1.5 billion sale to a Singaporean wealth fund.
U.S. Bankruptcy Judge Sean H. Lane said Five Mile, which aggressively challenged the resort owner’s plan confirmation, failed to establish a factual or legal basis for the stay. Judge Lane approved the reorganization plan and asset sale to Government of Singapore Investment Corp. (Realty) Private Ltd....
MSR Resort Judge Won't Stay Plan Confirmation
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