Indy Downs CEO Seeks Probe Of Creditor's Links To Rival

Law360, Wilmington (July 9, 2012, 8:23 PM EDT) -- Indianapolis Downs LLC’s CEO asked for court permission Monday to investigate Fortress Investment Group LLC, a major creditor of the bankrupt horse track and casino operator, over suspicions that the firm is in cahoots with the debtors’ primary competitor.

Chairman and CEO Ross Mangano filed a motion for a Rule 2004 examination of FIG in Delaware bankruptcy court on behalf of himself and several family trusts — collectively known as the “Oliver parties” — which hold some $40 million of unsecured notes issued by Indianapolis Downs....
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