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 | – | |
I wonder if these were MERS loans…
http://bryllaw.blogspot.com/2011/02/mers-problems-with-structure-and.html