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| Robert T. Koger |
WASHINGTON, D.C.—Jan. 14, 2013—The
Maryland District Court in Montgomery County has vacated a $22.8 million
default judgment against Robert T. Koger and Molinaro Koger (MK)
that was awarded to Host Hotels & Resorts in July 2012 for a
discovery sanction.
The judgment was vacated as part of a settlement between the
Host entities and the Koger entities in which Host received $1.55 million in
insurance coverage proceeds under an Errors & Omission Insurance
Policy. There was no other monetary or
any other consideration to the settlement.
In addition, Host, Koger and Molinaro Koger all agreed to
discharge any claims, demands or liabilities related to the dispute through the
settlement date. The arms-length
agreement states that nothing contained in the settlement shall be deemed that
any party has breached any obligation or engaged in any wrongdoing or
misconduct.
Contacts:
Jerry Daly
(703) 435-6293
Chris Daly
President
Daly Gray, Inc.
Ph: 703-435-6293
Cell: 703-864-5553
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