Las Vegas Hard Rock Casino Owners Seek to Block Feb. 7 Foreclosure Sale

The owners of Hard Rock Hotel & Casino in Las Vegas filed a lawsuit to prevent lenders from foreclosing on the property and selling it on the courthouse steps in Manhattan on Feb. 7.

Entities created by Hard Rock Hotel Holdings LLC, a joint venture that includes Morgans Group LLC, said in a complaint that the lenders don’t have the right to conduct the foreclosure because they don’t have approval from the Nevada Gaming Commission and their claims of loan default are “non-existent or not material,” according to documents filed today in New York state Supreme Court in Manhattan.

Hard Rock Hotel entities had a 2007 loan agreement for $1.36 billion that was restructured in 2009. In January, a lender told the owners that they had breached covenants and on Jan. 28 sent a notice of its intent to dispose of the borrower’s equity interest in a public sale on Feb. 7, according to the complaint.

Check out the rest of the report here…

Case files below…

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4closureFraud.org

Sort By Doc # Date   Received Document Description Motion # Filing User Payment Info
1 2 2011-02-01
ORDER TO SHOW CA– USE FOR PRELIMINARY INJUNCTION WITH TEMPORARY RESTRAINING ORDER
JESSICA BENGELS PAY AT COURT
AMOUNT: $45
02/01/2011
2 3 2011-02-01
AFFIRMATION OF MICHELLE V. KELBAN
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
3 4 2011-02-01
REQUEST FOR JUDICIAL INTERVENTION
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
4 5 2011-02-01
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
5 6 2011-02-01
MEMORANDUM OF LAW IN SUPPORT OF ORDER TO SHOW CA– USE FOR A TEMPORARY RESTRAINING ORDER AND A PRELIMINARY INJUNCTION
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
6 7 2011-02-01
AFFIRMATION OF HOWARD G. BAKER
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
7 8 2011-02-01
AFFIDAVIT OF FRED J. KLEISNER
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
8 9 2011-02-01
AFFIDAVIT OF WILLIAM H. HARDIE, III AS PLAINTIFFS’ EXPERT
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
9 10 2011-02-01
AFFIDAVIT OF DAVID ARRAJJ, ESQ. IN SUPPORT OF PLAINTIFFS’ MOTION FOR A TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION
JESSICA
BENGELS
PAY AT COURT
AMOUNT: $45
02/01/2011
10 1 2011-02-01
JESSICA BENGELS