February 19, 2014
The Third Circuit affirmed on Wednesday a bankruptcy court's approval of a settlement that dispenses with some $50 million in construction-contract and trademark-licensing claims brought by a horse track and casino operator's former management company.
February 01, 2013
A Delaware bankruptcy judge on Thursday confirmed Indianapolis Downs LLC's Chapter 11 plan, which includes the $500 million sale of the horse track and casino, rejecting a motion that would have stripped the voting rights of certain creditors and left the plan without sufficient support.
October 31, 2012
A Delaware bankruptcy judge on Wednesday approved the $500 million sale of Indianapolis Downs LLC to cross-state rival Centaur Holdings LLC but said he was not close to ruling on the confirmation of the horse track and casino's contested Chapter 11 plan.
October 11, 2012
A group of creditors holding $40 million in bankrupt Indianapolis Downs LLC's unsecured notes on Thursday objected to the horse track and casino's $500 million asset sale over concerns that buyer Centaur Gaming LLC did not act in good faith.
October 05, 2012
A Delaware bankruptcy judge on Friday allowed Indianapolis Downs LLC's CEO to examine communications between Centaur Gaming LLC, which agreed to buy the rival horse track and casino for $500 million, and certain state agencies, finding his discovery requests pertinent to the Chapter 11 proceedings.
September 19, 2012
Indianapolis Downs LLC accepted a $500 million purchase offer Wednesday from cross-state competitor Centaur Gaming LLC, but the bankrupt horse track and casino is still far from the finish line as the deal lacks the support of its largest noteholder Fortress Investment Group LLC.
July 31, 2012
A group of creditors led by Indianapolis Downs LLC's own chairman and CEO objected to the confirmation of the company's proposed restructuring Tuesday, claiming the plan being solicited by the bankrupt horse track and casino contains multiple defects.
July 17, 2012
Resolving a dispute that had plagued its bankruptcy from the outset, Indianapolis Downs LLC won court approval Tuesday for a settlement that dispenses with some $50 million in contract and trademark licensing claims from the horse track and casino operator's former management company.
July 09, 2012
Indianapolis Downs LLC's CEO asked for court permission Monday to investigate Fortress Investment Group LLC, a major creditor of the bankrupt horse track and casino operator, over suspicions that the firm is in cahoots with the debtors' primary competitor.
June 21, 2012
A Delaware judge on Thursday approved the amended disclosure statement of Indianapolis Downs LLC, allowing the bankrupt racetrack and casino operator to proceed with a dual-track Chapter 11 plan comprising an auction backed up by a recapitalization.