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Morgans Settles Yucaipa, OTK Securities Litigation

By Natalie Rodriguez ( March 3, 2014, 8:04 PM EST) -- Morgans Hotel Group Co. has agreed to settle a web of securities litigation lodged by private equity firm Yucaipa Cos. LLC and shareholder OTK Associates LLC over an allegedly botched debt swap and other alleged fiduciary violations, the company said in a Monday regulatory filing....

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