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Harry and Leona Helmsley have given up their battle to regain control of what used to be the Helmsley Palace, clearing the way for the sale of the hotel.
The Helmsleys had been appealing the state Supreme Court decision that appointed a receiver to manage the tony property, now named the New York Palace. That ruling was a victory for limited partners in the hotel, who had sued the Helmsleys charging them with fraud and mismanagement.
But the...