CL CEO keeps company - UPDATED
Bankruptcy court judge rules that current owner, Ben Eason, will maintain control of the six-paper chain
Fresh from a Tampa courtroom, our colleague Wayne Garcia has the scoop on CL’s ownership dispute:
?
- Federal Judge Caryl E. Delano has ruled in Creative Loafing CEO Ben Eason’s favor, denying major creditor Atalaya’s motions to take control of the company.
?
- Though Eason keeps the company, Judge Delano ruled that the reorganization plan put forth by CL would be tough to confirm.
?
- As a result, the judge is suggesting mediation for the two sides to come up with a mutually compatible reorganization plan.
Wayne will have all the details when he returns from the courthouse later today.