Billionaire Brothers Win Battle For London Luxury Hotels

Law360, New York (August 10, 2012, 12:40 PM EDT) -- Sirs David and Frederick Barclay can keep their stake in three famous London hotels after a British judge on Friday dismissed claims from another hotel holding company shareholder that the billionaire brothers breached a contract and tried to outmuscle him for control.

Patrick McKillen had alleged the Barclay brothers' £80 million ($125 million) offer to buy out the stake of fellow shareholder Derek Quinlan in Coroin Ltd. — which owns the Berkeley, Connaught and Claridge's hotels — violated his right of first refusal on the stake....
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