MSR Judge Pegs Hilton Damages At $124M

Law360, New York (August 16, 2012, 9:22 PM EDT) -- The New York bankruptcy judge overseeing MSR Resort Golf Course LLC's dispute with Hilton Worldwide Inc. over damages associated with the cancellation of property management contracts at three hotels on Thursday clarified an earlier order delineating the damages, putting the total at around $123.8 million.

U.S. Bankruptcy Judge Sean H. Lane held a telephone conference explaining his July 31 bench ruling in response to letters the parties filed promoting their differing interpretations of how much MSR would have to pay Hilton to cancel the agreements. The...
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