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IN RE MSR RESORT GOLF COURSE LLC

Bankruptcy No. 11-10372 (SHL). Adversary No. 11-02920 (SHL).

471 B.R. 783 (2012)

In re MSR RESORT GOLF COURSE LLC, et al., Debtors. MSR Resort Golf Course LLC, et al., Plaintiffs, v. Waldorf=Astoria Management LLC, Defendant.

United States Bankruptcy Court, S.D. New York.

May 11, 2012.

Attorney(s) appearing for the Case

Kirkland & Ellis LLP, By: Eric F. Leon, Esq., Ryan Morettini, Esq., New York, NY, for MSR Resort Golf Course LLC, et al.

Perkins Coie LLP, By: David M. Neff, Esq., Brian Audette, Esq., Chicago, IL, for Waldorf=Astoria Management LLC.

Alston & Bird LLP, By: Craig E. Freeman, Esq., Martin G. Bunin, Esq., New York, NY, for the Official Committee of Unsecured Creditors.

MEMORANDUM OF DECISION

SEAN H. LANE, Bankruptcy Judge.

Before the Court are the merits of the above-captioned adversary proceeding commenced by the Debtors in their jointly administered Chapter 11 case of MSR Resort Golf Course LLC, et al. (collectively, the "Debtors" or the "Plaintiffs"). The Debtors own and operate several iconic luxury resort properties in the United States that are managed by non...

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