The complicated sale of the lease to operate and develop the Queen Mary resumed its slow and unsteady progress toward closure Thursday morning in bankruptcy court when Judge Vincent Zurzulo approved an unusual $1.15 million settlement of a dispute lodged by small contracting company AAC Shoreline — after disgruntled development company, Bandero LLC, withdrew its [...]

A company that insists it has been defrauded of development rights to the Queen Mary and surrounding acreage will be in Los Angeles bankruptcy court this morning to try to put another obstacle in the path of final sale of the lease to that property.
Bandero LLC says it has invested more than $12 million into [...]

The Queen Mary’s bankruptcy trustee agreed today to pay AAC Shoreline $1.15 million to settle that company’s last-minute legal claim against former leaseholder QSDI, tentatively removing a stay by the ninth circuit court that had held up the final sale of the ship’s lease for more than a week, The District has learned.
“We’re pleased to [...]