Former Midway Execs Subpoenaed by Unhappy Creditors
by Rainier on March 5, 2009 @ 2:51 p.m. PST | Filed under News
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.
