Friday, October 9, 2009

Fontainebleau Las Vegas developer Jeffrey Soffer removed himself from negotiations

Bankruptcy Judge A. Jay Cristol was skeptical of Soffer's move, saying ``nobody is going to believe he's not running the show.'' Over Fontainebleau objections, Cristol said he would name an outsider to monitor negotiations for the unfinished condo-hotel and casino. The maneuvers come as Fontainebleau lawyers say they're days away from concluding a deal to auction off the project, which would cost an estimated $1.5 billion to finish.

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