Kaufman v. S & C Corp.

Opinion on Judgment

HUGHES, District Judge.

1. Introduction.

George Kaufman and Galleria West Hotel Group, who hold a second lien on a hotel in bankruptcy, object to an incentive fee claimed by Guest Quarters Hotels Limited Partnership, the manager. The bankruptcy court allowed the payment. Because Kaufman and Galleria West received the process that they were due and because the bankruptcy court was correct in relying on the terms of the management agreement, the judgment will be affirmed.

2. Background.

S & C Corporation’s main asset was the Galleria West Guest Quarters hotel. Mass-Mutual was the…