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:
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- Federal Judge Caryl E. Delano has ruled in Creative Loafing CEO Ben Easons favor, denying major creditor Atalayas motions to take control of the company.
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- Though Eason keeps the company, Judge Delano ruled that the reorganization plan put forth by CL would be tough to confirm.
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- 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.