From Reuters: Billionaire investor John Paulson has put a
real estate unit of his hedge fund into bankruptcy to thwart a lawsuit by a
lender that claims it is owed tens of millions of dollars related to the recent
sale of several luxury resorts.
According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels &
Resorts Inc. sought Chapter 11 protection from creditors to sell its remaining
assets and wind down…..
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