Midtown Settles 2nd Injunction Over $250M Aruba Hotel

Law360, New York (November 16, 2012, 8:25 PM EST) -- Midtown Acquisitions LLP on Friday settled an injunction motion lodged in New York state court by loan holders of a $250 million Aruban resort after being ordered in a separate suit to stall the sale of a junior note's collateral because of a loan default.

Details of the stipulation were not immediately available, but counsel for Midtown and Aruba Hotel Members LLC, a joint venture of junior loan holders led by Five Mile Capital Partners LLC, told Law360 that the deal settles just the injunction motion,...
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