By Leslie A. Pappas (June 30, 2022 at 8:55 p.m. EDT) — The company behind a submerged project to build a new headquarters and training center for the Carolina Panthers on Thursday failed to secure final approval of a $20 million dollar loan to fund its Chapter 11 bankruptcy after a Delaware judge found too many problems with the funding documents.
U.S. Bankruptcy Judge Karen B. Owens said debtor GT Real Estate Holdings LLC has shown its need for debtor financing owned by DT Sports Holding, a company ultimately controlled by Panthers owner David Tepper, and There was no evidence that lenders had offered the financing in bad faith.
But she found…
Stay ahead of the curve
In the legal profession, information is the key to success. You need to know what’s happening with customers, competitors, operations, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data in articles (numbers, files, courts, type of action and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics, and more!