Fight brews between creditor, shareholder over Morgans Hotel Group

04/17/2013 | Wall Street Journal, The

A battle is underway between a creditor of the Morgans Hotel Group and one of its shareholders, OTK Associates, on how to recapitalize the hotel group as it moves to managing assets instead of owning them. OTK in general is frustrated with the Morgans group's direction and plans to propose to replace the majority of the group's board of directors.

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Wall Street Journal, The

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