The eventful bankruptcy of wildlife adventure group The Dolphin Co. is subject to new controversy as the debtor pitches a Chapter 11 liquidation plan that its unsecured creditors committee says manufactured its only voting class to get the proposal approved.
The purported director of 25 Chapter 15 debtors connected with the Prince Group — whose founder is accused of running one of Asia's largest transnational criminal organizations — asked a New York bankruptcy judge to revoke relief granted in the case after proceedings in the British Virgin Islands were set to be dismissed.
A team of lawyers from Pachulski Stang Ziehl & Jones LLP and KTBS Law LLP is leading the Chapter 11 case of Outback Steakhouse franchisee Cerca Trova Restaurant Group, which operates 61 franchised eateries in California and the Southwestern states, as the company plans to pursue a going-concern sale.