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Investors Can’t Stop Celeb Chef From Bankruptcy Filing

Law360 (May 24, 2018, 7:37 PM EDT) -- Celebrity chef Jose Garces can keep some of his Philadelphia restaurants under Chapter 11 protection as he gears up to present a stalking horse deal to the bankruptcy court next week, a New Jersey judge has said, rejecting investors’ claims that he lacked the authority to do so.

U.S. Bankruptcy Judge Jerrold N. Poslusny Jr. said in an order late Tuesday that the Iron Chef’s operating agreements governing Amada Restaurant, Village Whiskey and Olde Bar permitted Garces to stack the votes in his favor and overrule...
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