Pa. Hilton's $22M Sale Violated Sherman Act, Suit Claims

Law360, New York (November 5, 2012, 3:57 PM EST) -- A Pennsylvania businessman on Friday sued several entities involved in the recent $22 million sale of the Hilton Harrisburg Hotel and Towers, claiming they violated federal and state laws by transferring the hotel from a local nonprofit corporation to a for-profit company in a fixed, exclusive process.

Hasu Shah, a prominent local investor with several hotel developments under his belt, claimed that nonprofit Harrisburg Hotel Corp. and its officers breached their duty to maximize the value of the hotel by entering into a "quid pro quo"...
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