MSG Unit Fights To End WaMu Theater Sponsorship

Law360, New York (May 6, 2009, 12:00 AM EDT) -- A unit of Madison Square Garden LP has asked the court overseeing Washington Mutual Inc.'s Chapter 11 proceedings to lift the automatic stay and allow the New York sports complex to end its sponsorship agreement with the bankrupt bank for the naming rights to a theater at the arena.

MSG Media on Tuesday asked the U.S. Bankruptcy Court for the District of Delaware to lift the stay as necessary to allow the company to end its May 2007 agreement with Washington Mutual Bank and WMI after...
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