The Miami Jai-Alai bankruptcy case allowed payment of unsecured creditors before big lender group.
December 08, 2014 at 12:00 AM
1 minute read
Luis Salazar and Linda Worton Jackson helped Florida Gaming Corp., former owner of Miami Jai-Alai and casino, sell its assets for $155 million in a bankruptcy auction, enough for full payment of unsecured creditor claims totaling $10 million.
The Salazar Jackson attorneys made reimbursement of unsecured creditors possible by persuading a bankruptcy judge to subordinate a $37 million claim by lenders based on a stock warrant agreement with Florida Gaming.
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