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Creditors' Claims Over Bankrupt Racetrack Survive

By Brendan Pierson (September 22, 2009, 8:05 PM EDT) -- A judge reportedly has refused to dismiss a lawsuit filed by Magna Entertainment Corp.'s unsecured creditors against majority shareholder MID Islandi for allegedly failing to sell the racetrack operator's marketable assets and handing out unnecessary loans as the company collapsed....

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