IBRC Gets OK For Tampa Mall Sale After Pact Ends Opposition

Law360, Wilmington (July 21, 2014, 8:21 PM EDT) -- Chapter 15 debtor Irish Bank Resolution Corp. got the green light to sell its interests in a Florida shopping mall for $9 million Monday as a Delaware bankruptcy judge blessed the results of a weekend settlement that sweetened the deal and defused opposition from a spurned suitor.

At a telephonic hearing in Wilmington, U.S. Bankruptcy Judge Christopher S. Sontchi signed off on the improved deal, which sees Tampa Bay Lightning owner Jeff Vinik pay $7.1 million for the for Channelside Bay Plaza’s lease and the Tampa...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.