Big Question Mark Remains In MSR's Long-Awaited Plan

Law360, New York (August 2, 2012, 10:54 PM EDT) -- MSR Resort Golf Course LLC filed its Chapter 11 plan Wednesday, the filing deadline under its exclusivity period, though a looming question still remained as to what it would have to pay Hilton Worldwide Inc. to cancel three property management agreements.

A glaring “TBD” stands out alongside the heading “Hilton rejection damages claims” in a table in the plan's disclosure statement that sets forth the classification, treatment, impairment status and potential distributions associated with the different claims in the case. The figure to be determined had...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.