Developer Of Failed Wayne Newton Museum Files Ch. 11

Law360, New York (October 15, 2012, 1:22 PM EDT) -- A developer that purchased Wayne Newton’s Las Vegas mansion for $20 million to turn it into a museum filed for Chapter 11 bankruptcy Friday, after the project was undermined by financial troubles and a nasty legal dispute with the singer.

CSD LLC listed between $50 million and $100 million in assets and between $1 million and $10 million in liabilities, according to a voluntary bankruptcy petition in Nevada federal court. CSD purchased Newton’s home in 2010 for $19.5 million in order to turn it into a...
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