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Magna Entertainment Corporation (MEC), the Canadian company that owns Oklahoma City’s Remington Park race track was stunned today by a Las Vegas bankruptcy judge’s ruling, who ordered that a bombshell lawsuit by MEC’s creditors may proceed.
The ruling likely guarantees a financial press/media feeding frenzy, as the nation’s top money reporters, smelling scandal, jump headfirst into this developing story. And don’t be surprised if a critical review of the whole bankruptcy process and the sale of properties is undertaken, since whispers of irregularities surrounding the sale of racetracks have been circulating. Read more…
Wednesday, August 19th, 2009 Brad Henry, OKC Trackback URL for this entry
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