MSR, Hilton Seek Clarity On Damages For Nixed Contracts

Law360, New York (August 8, 2012, 2:26 PM EDT) -- Bankrupt MSR Resort Golf Course LLC and a unit of Hilton Worldwide Inc. filed letters Tuesday and Wednesday asking a New York judge to clarify how much MSR owes Hilton for canceled property management contracts, a dispute that has slowed MSR’s emergence from bankruptcy.

The requests come in response to U.S. Bankruptcy Judge Sean Lane's July 31 decision rejecting Hilton Waldorf-Astoria Management LLC's bid for key money, brand damages and expansion losses but finding MSR liable for Group Services Expenses, or GSEs.

The dispute arose from...
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