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...
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