Bankrupt MSR Hotels Gets Nod For IP Asset Auction

Law360, New York (October 21, 2013, 7:28 PM EDT) -- A New York bankruptcy judge approved an auction and the bidding procedures for the sale of intellectual property assets held by Paulson & Co. Inc.’s MSR Hotels & Resorts Inc., despite the objections of creditor Five Mile Capital Partners LLC, according to an order on Monday.

Judge Sean H. Lane conditionally approved the plans of bankrupt real estate investment trust MSR to sell various resort trademarks as part of its Chapter 11 reorganization. The order builds on an Oct. 1 bench ruling in which Judge Lane...
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