Deals
Paulson-Owned Resort Group’s Chapter 11 Exit Plan Approved
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A resort group owned by hedge fund Paulson & Co. won approval for a plan to exit bankruptcy by selling properties to a Singapore sovereign wealth fund.
MSR Resort Golf Course LLC’s plan was confirmed today in Manhattan by U.S. Bankruptcy Judge Sean Lane, who overruled objections by the U.S. Internal Revenue Service and investor Five Mile Capital Partners LLC.