Creditors Fight NYRA’s Bid For Counsel

Law360, New York (July 30, 2007, 12:00 AM EDT) -- Creditors of the New York Racing Association have lashed out at the racetrack operator’s request to employ Getnick & Getnick as special business integrity counsel, arguing that the bid is “premature.”

The official committee of unsecured creditors said in court documents filed Friday that the NYRA’s July 16 request to hire the firm for assistance in matters relating to the operation of racetracks at Aqueduct, Belmont Park and Saratoga should be denied because “the debtor has not demonstrated any compelling need for Getnick to be retained...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.