Judge approves sale of Thistledown track by Magna Entertainment to Harrah'sSeptember 15th, 2009 Magna bankruptcy judge approves Thistledown saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved the sale of Magna Entertainment Corp.'s Thistledown race track in Ohio for $89.5 million.
Opel Trust approves sale of majority stake of GM European unit opel to Magna, SberbankSeptember 10th, 2009 Trust approves GM deal of Opel to Magna, SberbankBERLIN — The Opel Trust has given its approval for the sale of General Motors Co's European unit Opel to a consortium of Magna International Inc. and Russian lender Sberbank.
Magna bankruptcy judge approves motions regarding property salesAugust 26th, 2009 Magna moving ahead with property salesWILMINGTON, Del. — Horse-track owner Magna Entertainment Corp.
Magna creditors seek to pursue claims against Stronach, other company leadersAugust 18th, 2009 Magna creditors target company leadersWILMINGTON, Del. — A Delaware bankruptcy judge says creditors of horse-track owner Magna Entertainment Corp.
Magna Entertainment unsecured creditors allege sham financial transactionsJuly 23rd, 2009 Magna creditors committee files complaintDOVER, Del. — The parent company of horse track owner Magna Entertainment Corp.
Judge tentatively approves deal to shift some Delphi assets to the new General MotorsJuly 13th, 2009 Judge OKs shift of some Delphi assets to new GMNEW YORK — A bankruptcy judge has approved a deal to shift some of auto parts supplier Delphi's assets to the General Motors Co. that emerged from Chapter 11 bankruptcy protection last week.
Hearing on request for examiner in Magna Entertainment bankruptcy postponed until AugustJuly 7th, 2009 Hearing on examiner in Magna bankruptcy postponedWILMINGTON, Del. — A bankruptcy judge agreed Tuesday to postpone a hearing on a hedge fund's request for the appointment of an examiner in horse track owner Magna Entertainment's Chapter 11 bankruptcy case.
Bankruptcy judge OK's GM motion to terminate aircraft leasesJune 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.
Bankruptcy judge approves sale of Atlantic City Tropicana to Icahn-led group at 80 percent offJune 12th, 2009 Icahn investor group gets AC Tropicana for cheapCAMDEN, N.J. — Billionaire investor Carl Icahn is back in the Atlantic City casino business.
Hearing on Md.'s challenge in Magna bankruptcy case postponedMay 8th, 2009 Hearing postponed in Magna bankruptcy challengeWILMINGTON, Del. — A hearing on a challenge by Maryland officials to an order issued in the bankruptcy case of horse track owner Magna Entertainment Corp.
Judge approves procedures for Chrysler sale of assets to Fiat, deal could close by end of JuneMay 6th, 2009 Judge OKs procedures for sale of Chrysler assetsNEW YORK — The judge overseeing Chrysler's Chapter 11 proceedings says the automaker can start taking steps toward selling the vast majority of its assets to Italy's Fiat. Judge Arthur Gonzales says the procedures proposed by Chrysler's lawyers represent a "clear and orderly process."
Attorneys for Auburn Hills, Mich.-based Chrysler LLC argued that the automaker had essentially been up for sale for most of the last two years and a speedy sale was needed in order to preserve the value of the company's assets.
Group of dissident Chrysler lenders files motion to block sale of automaker's assets to FiatMay 5th, 2009 Lenders group objects to sale to FiatNEW YORK — A dissident group of Chrysler lenders is objecting to the sale of the bulk of the automaker's assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding. In an objection filed Tuesday, the lenders group says the proposed bidding procedures only give the appearance of legitimacy and don't maximize the sale price of the assets.
Bankruptcy judge asked to approve proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge weighs Magna Entertainment asset saleWILMINGTON, Del. — Horse track owner Magna Entertainment Corp.
Magna Entertainment withdraws Preakness Stakes track from proposed saleMay 2nd, 2009 Magna Entertainment pulls Pimlico from sale planDOVER, Del. — Pimlico Race Course in Baltimore and Magna Entertainment Corp.'s other horse racing assets in Maryland are off the auction block, at least for now.
Magna Entertainment still exploring bankruptcy optionsApril 24th, 2009 Attorney says Magna reviewing alternativesWILMINGTON, Del. — A bankruptcy attorney for horse-track owner Magna Entertainment Corp.
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