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.
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.
GM Europe still favors Magna for Opel, despite confirming Beijing Automotive Industry bidJuly 8th, 2009 GM Europe still favors Magna for OpelFRANKFURT — A GM Europe spokeswoman said Wednesday negotiations for the sale of General Motors Corp.'s Opel to Canadian autoparts maker Magna International Inc. were "further along," while confirming it had received a bid from China's Beijing Automotive Industry Corp.
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.
Sun-Times asks judge to delay consideration of proposed bonus planJune 10th, 2009 Consideration of Sun-Times bonus plan on holdWILMINGTON, Del. — The Sun-Times Media Group has asked a bankruptcy judge to delay consideration of proposed bonuses of up to $1.8 million for certain employees in the event of a successful sale of assets.
Obama: Chrysler-Fiat deal gives US company 'new lease on life'June 1st, 2009 Obama applauds Chrysler-Fiat dealWASHINGTON — President Barack Obama says a court's decision to approve the sale of Chrysler's assets has given the automaker "a new lease on life."
A judge approved the sale of most of Chrysler's assets to Italy's Fiat on Sunday. In a statement, the president said the deal will allow Chrysler to "successfully emerge from bankruptcy as a new, stronger, more competitive company for the future."
Chrysler filed for bankruptcy in April.
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 approves proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge approves Magna Entertainment asset saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of 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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