Casino Investors Settle Skirmish Over $150M Loan

Law360, Los Angeles (March 13, 2013, 11:21 PM EDT) -- Investors in a Las Vegas Marriott resort and casino have reached a confidential settlement with junior lender Galante Holdings Inc. in their suit accusing Galante of conspiring to snatch away at a steep discount a $150 million senior loan tied to the resort, Allen & Overy LLP said Wednesday.

The parties have “reached a confidential settlement with respect to the litigation” involving the JW Marriott Summerlin Hotel, Resort, Spa and Casino, according to a statement from Allen & Overy, which represented the group of investors....
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