US Trustee Balks At $1M Bid Protection In Kona Grill Sale

By Vince Sullivan (May 21, 2019, 8:27 PM EDT) -- The federal bankruptcy watchdog objected Tuesday to the proposed Chapter 11 sale agreement in the case of restaurant chain Kona Grill Inc., saying a $1 million breakup fee on the stalking horse bidder's $20 million offer isn't justified by the facts of the case....

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