{"id":10970,"date":"2009-07-07T00:00:00","date_gmt":"2009-07-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"judge-hears-arguments-in-magna-bankruptcy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/judge-hears-arguments-in-magna-bankruptcy.html","title":{"rendered":"Judge hears arguments in Magna bankruptcy"},"content":{"rendered":"<p>CNBC &#8211; Attorneys for a hedge fund are asking for the appointment of an examiner in horse track owner Magna Entertainment&#8217;s Chapter 11 bankruptcy case.<\/p>\n<p class=\"textBodyBlack\">A hearing was scheduled Tuesday on the request by Greenlight Capital Offshore Partners, which wants an investigation of ties between Magna and its parent company, known as MID.<\/p>\n<p class=\"textBodyBlack\">MID has played a dual role as both a potential bidder for MEC assets and one of its primary lenders.<\/p>\n<p class=\"textBodyBlack\">Greenlight, an unsecured creditor of Magna as well as a large shareholder in MID, is concerned about the fairness of any asset sale.<\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/id\/31774721\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNBC &#8211; Attorneys for a hedge fund are asking for the appointment of an examiner in horse track owner Magna Entertainment&#8217;s Chapter 11 bankruptcy case. A hearing was scheduled Tuesday on the request by Greenlight Capital Offshore Partners, which wants [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[963,4439,3240,5887,4779,2570,13866,11141,6787,11148,10637,7726,13863,13865,6498,1099,3106,13864],"class_list":["post-10970","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-appointment","tag-assets","tag-attorneys","tag-bankruptcy-case","tag-chapter-11-bankruptcy","tag-cnbc","tag-dual-role","tag-fairness","tag-greenlight-capital","tag-hedge-fund","tag-horse-track","tag-lenders","tag-magna-entertainment","tag-offshore-partners","tag-parent-company","tag-shareholder","tag-ties","tag-unsecured-creditor"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10970"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10970\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}