National Events Bankruptcy To Be Split Into Dueling Queries
Law360, New York (June 29, 2017, 10:43 PM EDT) -- The dueling creditor factions in the restructuring of defunct ticket reseller and alleged Ponzi scheme vehicle National Events Holdings LLC reached a tentative deal Thursday in New York bankruptcy court that will center around two parallel investigations into the tangled web of transactions that led to the debtor's downfall.
Just last week attorneys for creditors Taly USA Holdings Inc. and Hutton Ventures LLC were vigorously protesting Falcon Investment Advisors LLC's motion to lift the automatic stay and strip the debtor of its roughly $5.8 million in remaining assets, but at Thursday's hearing the two sides told U.S. Bankruptcy Judge James L....
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