Greenbrier’s $500M Deal Faces Legal Hurdles | New Orleans News

The Greenbrier resort is racing to finalize a $500 million refinancing deal that would give New York’s Kennedy Lewis Investment Management a controlling 51% stake, helping settle tax debts with West Virginia and resolve a legal dispute with Omni Hotels. But the West Virginia Lottery Commission still needs to approve the ownership shift before the deal can close — and that’s expected to be on the agenda at their next meeting. Complicating matters, a Louisiana bank is trying to tie its own $52 million debt dispute to the approval process, claiming the new deal weakens The Greenbrier’s legal position — a move the resort’s attorneys call an improper attempt to hijack the gaming license review. The federal trial over the bank’s claim is set for December 7th, as The Greenbrier fights to protect its future while navigating a web of financial and legal hurdles. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5282f837f2f3554e