FAIRLESS HILLS, Pa. -- A bankruptcy examiner has agreed to turn over certain documents gathered during his investigation into the Extended Stay Inc. bankruptcy, including Alvarez & Marsal documents, to the litigation trust created under the hotel chain's bankruptcy plan.
The Extended Stay litigation trust has also commenced several lawsuits against Blackstone Group LP and other parties connected to the 2007 buy-out of the hotel chain. The trust is seeking to recover more than $8 billion for the company's creditors.
Details on the lawsuits and more stories on the Extended Stay bankruptcy case are available at EXTENDED STAY INC BANKRUPTCY NEWS, Issue No. 36, published by Bankruptcy Creditors' Service, Inc.
The 7-page newsletter contains stories with these headlines:
[00342] EXTENDED STAY TRUST SUES BLACKSTONE FOR $8-BB OVER BUYOUT
[00343] EXTENDED STAY FILES 3RD POST-CONFIRMATION STATUS REPORT
[00344] ESI AFFILIATES' QUARTER OPERATING RPT -- Ended March 2010
[00345] ESI FILES DECLARATIONS ON FEBRUARY-MAY 2011 DISBURSEMENTS
[00346] EXTENDED STAY, ET AL., INK PACT FOR DOCUMENT TURNOVER
[00347] BANKRUPTCY APPEAL -- Starwood re Reimbursement Order
[00348] CLAIM WITHDRAWAL -- April 14, 2011
A copy of the newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED|STAY|INC">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=EXTENDED|STAY|INC</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.
EXTENDED STAY INC BANKRUPTCY NEWS tracks the restructuring of Extended Stay Inc.
How to Subscribe to EXTENDED STAY INC BANKRUPTCY NEWS
EXTENDED STAY INC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.
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