Lender Blasted For Effort To Lift Ticket Reseller's Ch. 11 Stay
Law360, New York (June 19, 2017, 7:26 PM EDT) -- Various stakeholders of bankrupt ticket reseller and alleged Ponzi scheme vehicle National Events Holdings LLC have pushed back hard against a recent attempt by one creditor to lift the automatic stay and liquidate the debtor's $5.8 million in remaining assets, calling the move premature and "grossly unfair."
Creditors Taly USA Holdings Inc. and Hutton Ventures LLC, as well as National Events itself and a court-appointed receiver for two affiliated entities, all condemned Falcon Investment Advisors LLC's request last week to lift the stay and collect on liens secured by "substantially all of the debtor's assets."
Falcon, National Events' biggest investor, had...
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