Developer's $144M Award Stands In Hotel Deal Fight

Law360, New York (February 7, 2012, 11:58 PM EST) -- A California appeals court on Tuesday confirmed a $144 million arbitration award for L.A. Pacific Center Inc. in a long-running dispute over its purchase of Las Vegas hotel properties from now-bankrupt Hotels Nevada LLC in 2004.

A three-judge panel for the California Court of Appeal, Second Appellate District, rejected Hotels Nevada owner Louis Habash's appeal of the 2009 arbitration decision. The panel said that the trial court had properly confirmed the award and that Habash had forfeited any challenge to the order compelling arbitration by not...
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