National Events Restructuring Put On Hold Again

Law360, New York (June 20, 2017, 9:36 PM EDT) -- The restructuring of defunct ticket reseller and possible Ponzi scheme vehicle National Events Holdings LLC was again put on pause Tuesday when a New York bankruptcy court concluded there simply wasn’t enough information to make a major ruling in the hopelessly tangled case just yet.

U.S. Bankruptcy Judge James L. Garrity adjourned the hearing on Falcon Investment Advisors LLC’s motion to lift the automatic stay until June 29. In the meantime, he said, he’d approve an order authorizing the debtor to continue using cash collateral to...
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