Just ten days ago, our colleague Brian Baxter gave us the run down on the lawsuit the state-owned investment firm Dubai World filed against MGM Mirage over the casino heavyweight's alleged mismanagement of their joint $8.6 billion CityCenter project in Las Vegas.
The project, planned as the new jewel of the Las Vegas Strip, was on the verge of bankruptcy, as Dubai World refused to help MGM Mirage make a $200 million payment to lenders and the casino business continued its general recession-related struggles. (MGM Mirage eventually made that payment on its own.)
As Baxter told us, Morrison & Foerster is repping billionaire Kirk Kerkorian (the founder of MGM Mirage) in the Dubai World lawsuit (with a likely assist from Kerkorian's usual counsel at Glaser, Weil, Fink, Jacobs & Shapiro), while Quinn Emanuel Urquhart Oliver & Hedges is repping Dubai World in the case.
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