Eagle Hospitality Gets Go-Ahead to Investigate Former Insiders

Eagle Hospitality Trust can investigate two business partners who have been accused by the bankrupt real estate company of being primarily responsible for its financial distress, a Delaware judge ruled.

With Judge Christopher S. Sontchi’s authorization, Singapore-based Eagle plans to seek information from Taylor Woods and Howard Wu, who previously controlled an affiliated corporate entity called Eagle Hospitality REIT Management Pte. Ltd. The two also currently oversee another entity, Urban Commons LLC, whose hotel lease payments were Eagle’s sole source of revenue.

“Woods and Wu seized every opportunity to benefit themselves, and the entities they controlled, at the Debtors’ expense, ...