US Bank Can't Score Early Win In Fight Over Hilton Franchise

Law360, New York (September 13, 2012, 3:47 PM EDT) -- A Louisiana federal judge on Wednesday refused to grant U.S. Bank NA partial summary judgment in its suit against Hilton Worldwide Inc. over the termination of a hotel franchise agreement tied to mortgage-backed securities, finding questions remained about the companies' liability.

As trustee for the mortgage-backed securities, U.S. Bank sued Hilton and two Louisiana affiliates in November, accusing them of improperly trying to terminate a franchise agreement tied to an $8.72 million loan after failing to inform the trustee that a termination was impending. The mortgage,...
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