Game Nearly Over As Midway Files Liquidation Plan

By Evan Weinberger

Law360, New York (February 24, 2010, 2:03 PM ET) -- Bankrupt video game maker Midway Games Inc. has filed a Chapter 11 liquidation plan that would see two classes of unsecured creditors take home a fraction of their claims, while a third group likely would be shut out entirely.

Midway filed its plan, which incorporates a settlement reached by two classes of unsecured creditors in October, on Tuesday in the U.S. Bankruptcy Court for the District of Delaware.

According to the plan, Class 3A and Class 3B unsecured claim holders will be impaired and receive pro...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles