Indy Downs Fights For $500M Sale, Ch. 11 Plan

Law360, Wilmington (October 22, 2012, 10:26 PM EDT) -- Horse track and casino Indianapolis Downs LLC on Monday concluded the second and final day of a contested dual-purpose hearing, fighting against objections to both its $500 million sale deal with cross-state rival Centaur Holdings LLC and its Chapter 11 plan.

During a seven-hour session in Delaware bankruptcy court, the racino and its two largest creditor constituencies attempted to prove the worth of both motions in the face of objections lodged by track chairman and CEO Ross Mangano — the head of several family trusts collectively...
To view the full article, register now.