In Re Colony Square Company, Debtor. Colony Square Company v. Prudential Insurance Company of America

As part of a confirmed bankruptcy plan of reorganization for the Colony Square Company, Prudential Insurance Company took possession of the Colony Square hotel, shopping and office complex under a lease and moratorium agreement. Under the lease, Prudential was to have complete management control. Colony Square claims that Prudential mismanaged the Colony Square complex throughout the period in which Prudential leased the property. Both the bankruptcy court and the district court held that Colony Square had no basis in either tort or contract to proceed against Prudential. We affirm.

Under the…