560 Seventh Avenue Owner Primary LLC

  1. March 31, 2025

    Ex-US Trustee Head Appeals Firing, Purdue Case Extended

    The former director of the U.S. Trustee's Office appealed her removal, alleging the government lacked cause and violated due process. Meanwhile, Purdue Pharma secured more time to protect itself and the Sackler family from lawsuits as the company seeks approval for a $7.4 million opioid settlement plan. And FTX told a court it has $11.4 billion ready for creditors but is still reviewing a massive volume of claims before the distribution. 

  2. March 28, 2025

    NYC Margaritaville Ch. 11 Plan OK'd After Buffett Hit Played

    A New York bankruptcy judge on Friday confirmed the Chapter 11 plan of the developer of the Margaritaville resort in Times Square, as he played the resort's namesake song during a hearing.

  3. January 03, 2024

    Congregation Claims Bankrupt Landlord Owes It A Synagogue

    A Manhattan Jewish congregation is suing its landlord in federal bankruptcy court, saying the property owner is refusing to release $2.5 million in escrow it is owed after failing to build a promised new synagogue and leaving the congregation operationally "homeless" for more than three years. 

  4. December 08, 2023

    Judge Denies Lenders Control Of NYC Margaritaville For Now

    A New York bankruptcy judge on Friday denied lenders an emergency motion to take over management of the Times Square Margaritaville resort, saying there was no evidence of an urgent need to swap control and that the lenders appeared to be wrong on the law.

  5. December 01, 2023

    NYC Margaritaville Lenders Decry Lack Of 'End Game'

    The lenders that acquired the Times Square Margaritaville resort in a recent auction told a New York court that they have full control over the property, though the developer claims otherwise.

  6. September 07, 2023

    Margaritaville Developer Seeks Financing As Auction Looms

    Days before a Sept. 5 final hearing to consider whether to allow an auction of the Times Square Margaritaville, the mezzanine lenders and Sharif El-Gamal, the developer of the property, who are locked in multiple legal disputes over the troubled site, abruptly reached an agreement to allow the sale.