Hilton, Others Fight Jefferies Fee In MSR Ch. 11

Law360, New York (June 22, 2011, 7:43 PM EDT) -- A Hilton Hotels Corp. unit and two Singapore government funds objected Tuesday to a proposed $1.15 million fee to financial adviser Jefferies & Co. Inc. in the New York bankruptcy of Paulson & Co. Inc.-owned luxury hotel operator MSR Resort Golf Course LLC.

The official committee of unsecured creditors in MSR's bankruptcy should not be permitted to pay its proposed financial adviser that lump "transaction fee" in the event that a committee-backed reorganization plan is confirmed by the court, Hilton and the affiliates said in limited...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.