Bankruptcy Court Prefers Adjusted Balance Sheet Test, Including FMV of Brand License
Bankruptcy court rejects “equitable solvency test” for gaming resort debtors, finding that adjusted balance sheet test, as supported by expert evidence, was the preferred test.
In re Premier Entertainment Biloxi LLC
Bankruptcy court rejects “equitable solvency test” for gaming resort debtors, finding that adjusted balance sheet test, as supported by expert evidence, was the preferred test.
Competing Valuations of Trump Casinos Determine Fate, Feasibility of Restructuring
Bankruptcy court considers key valuation evidence—including total enterprise value, cost of debt, debt service capacity, and capex/EBITDA proections—in confirmation of reorganization plan for Trump casinos.
In the Matter of TCI 2 Holdings, LLC
Bankruptcy court considers key valuation evidence—including total enterprise value, cost of debt, debt service capacity, and capex/EBITDA proections—in confirmation of reorganization plan for Trump casinos.
Smith v Harrah's
On December 10, 2003, Shaun Smith got in his father’s truck—a 2002 F350 diesel-engine truck, with two front wheels and four rear wheels—and drove to Harrah’s casino in New Orleans. Over the course of an hour, he lost all of his money ($300–400) playing b ...
Steven F. Bright, et al. v. Harold Addison, et al.
The Texas Court of Appeals affirmed a trial court’s admission of lost profits testimony. It found that the testimony regarding lost profits had a sufficiently reliable basis when the damages were computed using 20-months of actual operating history for th ...