We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Wells Fargo Blasts 'Illusion' Of $82M-Topping Bid For Revel

Law360, Los Angeles (April 1, 2015, 8:47 PM EDT) -- Defunct casino Revel Atlantic City Inc. and its largest lender, Wells Fargo Bank & Co., on Wednesday urged a bankruptcy judge to approve on Thursday a previously rejected $82 million Chapter 11 sale to developer Glenn Straub, blasting objectors to the deal and arguing that no better offer exists.

One day after restaurant and entertainment tenants of the casino resort who are fighting to secure their interests told U.S. Bankruptcy Judge Gloria M. Burns that two real estate executives were preparing to post an $88 million...
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.