The Hard Rock Hotel in Las Vegas claims a company trying to foreclose on the struggling hotel has no right to do so and is trying to gain an advantage over other investors, according to a lawsuit filed in New York Supreme Court.
In the 825-page lawsuit filed on Tuesday against an entity created by NorthStar Realty Finance Corp. of New York, the Hard Rock said it was bringing "this action ... to prevent NorthStar from foreclosing on a major Las Vegas hotel casino and destroying plaintiffs' equity value as a consequence."
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