Ex-Owner Slams City's Coyotes Ch. 7 Conversion Bid

Law360, New York (December 9, 2009, 1:40 PM EST) -- The former owner of the bankrupt Phoenix Coyotes hockey team blasted a bid by the city of Glendale, Ariz., to convert the Chapter 11 case to a Chapter 7, echoing the debtors and unsecured creditors' belief that the city is trying to wriggle out of having its bankruptcy claim estimated.

“Glendale’s motion to convert hints at a disguised motive because Glendale’s alleged reasons for seeking an expedited hearing (or conversion itself) defy all logic,” Jerry Moyes said in the U.S. Bankruptcy Court for the District of...
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