Parent Co. Of Lone Star Park Files Bankruptcy
The Fort Worth Star-Telegram is reporting that Magna Entertainment Corp., the parent company of Lone Star Park in Grand Prairie, has filed for bankruptcy. The company made the announcement just as a $40 million debt payment was due. The Chapter 11 case was filed in...Congress Expected To Reach Compromise On “Cramdown” Legislation
Democrats in the House of Representatives, under pressure from a group of moderates in their ranks and the banking lobby, agreed to restrictions on legislation that would give bankruptcy judges the power to change the terms of a mortgage by the reducing interest rate...San Antonio River Walk Has Ties To WPA, Current Crisis
The Deal of the Week column in today’s issue of the Wall Street Journal discusses the 18-story One Riverwalk Place in San Antonio. The building on the northern edge of the city’s famed River Walk was purchased by Equastone LLC in 2006. Its mortgagte is in...Federal Judge Pleads Guilty To Obstruction Of Justice
A U.S. District judge in Houston pleaded guilty Monday to a obstruction of justice and resigned from the bench in a deal that ends prosecutor’s efforts on other charges. Jury selection was set to begin today for Judge Samuel Kent on the obstruction charge and...
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