Posts Tagged ‘Liquidation’

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Gaming executive files for bankruptcy after failed Strip casino plans

Indian gaming executive R. Shawn Ellis of Las Vegas and one of his companies filed for Chapter 7 bankruptcy liquidation Thursday. The filings in Las Vegas by Ellis personally, as well as his company were preceded by the bankruptcies of Ellis Las Vegas LLC and Ellis Gaming & Entertainment LLC. View full post on Business [...]

Old GM to pay $773 mln in clean-up costs: reports

SAN FRANCISCO (MarketWatch) — Motors Liquidation Co. , the bankrupt estate separated from General Motors during the automaker’s reorganization, has reached a $773 million settlement with the U.S. government to clean up the sites of former plants, according to media reports Wednesday. About two-thirds of the plants are contaminated with hazardous waste with about $431 [...]