Cabana Management, Inc. v. Hyatt Corporation

GEWIN, Circuit Judge.

Appellant Cabana Management, Inc. (Cabana Management) instituted the present suit against Hyatt Corporation (Hyatt) alleging fraud and conspiracy to defraud. Cabana Management was an unsecured creditor of the Dallas Ca baña Hotel (Cabana Hotel) for an alleged amount in excess of one million dollars. Hyatt Corporation purchased the Hotel pursuant to orders of the bankruptcy court. The complaint alleged that Hyatt and others conspired to have the Hotel adjudged bankrupt in order to acquire the Hotel for substantially less than its fair market value and to avoid the claims…