A bankruptcy auction of Blockbuster Inc. was set to stretch into a second day after preliminary talks between bidders and the movie rental chain’s representatives dragged on late Monday, a company spokesman said. Get the full story »
Inside these posts: Blockbuster bankruptcy
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Blockbuster faces possible evictions as woes mount
Blockbuster’s landlords want to evict the bankrupt movie rental chain from dozens of stores if they are not immediately paid past-due rent, adding to the company’s woes in Chapter 11.
Blockbuster is already facing demands from the film studio behind the hit “Twilight” vampire series that it pay its bills or liquidate. Get the full story »
Creditor sues Icahn over Blockbuster bankruptcy
Disgruntled Blockbuster Inc. creditor Lyme Regis Partners LLC has sued Carl Icahn, alleging that the billionaire investor set the video-rental chain up to fail so he could take it over.
In the lawsuit filed last week in the U.S. Bankruptcy Court in Manhattan, junior bondholder Lyme Regis said Icahn took advantage of his “insider” status, including his approval of a 2009 bond issuance while he served as a Blockbuster board member, to put himself in a position to own the company upon its emergence from Chapter 11. Get the full story »
