We meet Vanderbilts, Rockefellers and Morgans boozing it up beyond the three-mile limit during Prohibition.
Right down the street is Morgans' wholly owned Delano, which was doing much better.
He split the cost with a banking partner and secured a lucrative management contract for Morgans.
Revenue per room fell by a third at most of Morgans' New York hotels.
Morgans's announcement of the recapitalization deal with Yucaipa came roughly two weeks after OTK went public with its concerns.
The battle is over Mr. Burkle's plan to recapitalize Morgans as it shifts from owning hotels to managing them.
Mr Morgans is now appealing on social media to see if a company is willing to insure the fight.
You know, we got too many Tracy Morgans and not enough Chris Rocks.
In 2002 Morgans took over management of the struggling Shore Club in Miami from its owner, Philips South Beach.
Morgans' new hotels won't have the services of Philippe Starck, but young designer Benjamin Noriega-Ortiz is on the case.
But Schrager left Morgans in 2005, a year before the company went public.
Morgans was the brainchild of style god Ian Schrager, the impresario behind New York's infamous Studio 54 in the 1970s.
It's a safer way for the company to guarantee an income stream, but it can also put Morgans at risk.
The court had previously heard how an environmental health officer visited the Morgans' house following the complaint to monitor noise.
Mr. Gordon formed Rubicon in 2011 after stepping down from his post as president of Morgans Hotel Group Co.
But United's loss was Swansea Town's gain, as Morgans returned home to play for the side he'd left six years before.
Mr. Olshan said in an interview that, without the right industry expertise, Morgans is missing out on the boutique-hotel industry's growth.
He points out that since the suit was filed, Morgans has signed management contracts with five other companies on six properties.
But Philips South Beach claims that the whole time Morgans was improving the Shore Club, it was enriching the Delano even more.
If you want some real entertainment read some of Cathy Morgans quotes.
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RESTAURANTS--GO, CONSIDER, STOP Reviews of noted New York City restaurants by various Forbes eatery experts. l Asia de Cuba--Morgans Hotel, 237 Madison Ave.
John Arabia, of Green Street Advisors, predicts Morgans will ultimately triumph and that the legal wranglings won't hurt Morgans reputation as a manager.
"The hospitality industry has transitioned toward spaces that feel more residential and comfortable, " says Verena Haller, Senior Vice President of Design at Morgans Group.
Block and program trades for Japanese clients now account for a large portion of Morgans business and billions of dollars a month in trading volume.
Now Scheetz is hoping to maintain Morgans' reputation with the style hounds while catering to the chinos-wearing business travelers from companies like Microsoft and Citibank.
Morgans claims that Philips cooked up its lawsuit because it wants all of the management money for itself now that the hotel is doing well.
Scheetz, a longtime hotel finance hand, is embarking on an ambitious plan to expand Morgans from 3, 400 to 6, 570 rooms in the next three years.
But according to sports journalist David Meek, who made his reporting debut in Manchester United's next match against Sheffield Wednesday, Morgans shouldn't have returned so quickly.
Philips is asking to break Morgans' management contract in the suit, which was filed in a state court in New York and is currently in discovery.
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