Morgans Hotel Group Co., the operator of boutique brands including the Mondrian and Delano, said Michael Gross resigned as chief executive officer after its largest shareholder led an ouster of the board.
Morgans Hotel Group Co. shareholder Kerrisdale Capital Management LLC said it plans to nominate a new slate of directors for the company, less than three months after a board ouster and two days after the resignation of Chief Executive Officer Michael Gross was announced.
Morgans Hotel Group Co., the boutique-hotel operator under pressure from its largest shareholder, said Yucaipa Cos. will swap interests in the company’s convertible notes and preferred stock for its ownership in the Delano South Beach and the Light Group.
Morgans Hotel Group Co. , the New York-based operator of boutique hotels including the Royalton and Mondrian, plans to add properties in such places as Paris, Brazil and London, Chief Executive Officer Michael Gross said.
Dewey & LeBoeuf LLP, the defunct law firm, filed a list last night showing how much each of 444 former partners will pay in the proposed $71.5 million settlement. The hearing to approve the settlement began yesterday in U.S. Bankruptcy Court in Manhattan and continues today.
The New York Yankees aren’t trying to delay the return of Alex Rodriguez, General Manager Brian Cashman said in response to a report that the third baseman suspects the team has conspired to keep him sidelined.