Martindale, Heartland Inns Settle Hotel Contract Row

Law360, New York (October 9, 2009, 5:39 PM EDT) -- Martindale Corp. and Heartland Inns of America LLC have reached a confidential settlement to resolve Martindale’s breach of contract suit over its purchase of 18 Heartland hotels two days after a federal judge trimmed Heartland's claims and denied its request to toss the suit.

Judge Linda Reade of the U.S. District Court for the Northern District of Iowa signed an order Friday saying the parties had settled the pending litigation and that, barring the filing of a stipulation of dismissal within the next 30 days, the...
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