NYC Opera Strikes Deal To Stay In Control Of Sale Talks

Law360, New York (July 16, 2014, 2:13 PM EDT) -- A New York City Opera Inc. suitor agreed Wednesday that the current board should remain in charge of shopping the bankrupt institution, dropping an attempt to hand control of the sale process to a trustee and giving the board of directors the summer to negotiate with potential buyers.

Gene Kaufman, an architect and businessman who purportedly has an offer on the table to fund City Opera's way out of bankruptcy, will put on hold his objection to the debtor's third request to extend the period under which it alone can draft a reorganization plan without the threat of a rival plan...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!