Court of Chancery of Delaware February 5, 2014, C.A. No. 8447-VCL (OTK Associates, LLC v. Friedman)
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United States · · · 05-02-2014
OPINION
LASTER, Vice Chancellor.
In March 2013, the board of directors (the “Board”) of Morgans Hotel Group Co. (“Morgans” or the “Company”) approved a two-part recapitalization involving The Yu-caipa Companies, LLC (‘Yucaipa”), an entity controlled by prominent investor Ronald W. Burkle.
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