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Delaware Court of Chancery Sets Date for Hearing on Unopposed Motion to Dismiss Claims Against Michael J. Gross in Morgans Hotel Group Co. Stockholder Derivative Action

NEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ: MHGC) (the “Company”) today announced that pursuant to Orders entered by the Delaware Court of Chancery on December 3 and December 6, 2013 in the litigation captioned OTK Associates, LLC v. Friedman, et al., Civil Action No. 8447-VCL, Morgans Hotel Group Co. has issued a Notice of Hearing on Unopposed Motion to Dismiss Claims against Michael J. Gross (the “Motion”).