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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Former Midway Execs Subpoenaed by Unhappy Creditors

by Rainier on March 5, 2009 @ 2:51 p.m. PST

It's starting to get messy surrounding Midway's bankruptcy proceedings, as media mogul Sumner Redstone and his daughter, former chairperson of the board, are being subpoenaed by creditors after Midway recently filed for Chapter 11. Apparently the company's unsecured creditors fear insider trading and have some questions about the events leading up to Sumner's sale of the company for a suspiciously low $100K to current majority owner Mark Thomas.
It's starting to get messy surrounding Midway's bankruptcy proceedings, as media mogul Sumner Redstone and his daughter, former chairperson of the board, are being subpoenaed by creditors after Midway recently filed for Chapter 11. Apparently the company's unsecured creditors fear insider trading and have some questions about the events leading up to Sumner's sale of the company for a suspiciously low $100K to current majority owner Mark Thomas.
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