The U.S. Bankruptcy Court issued an order approving the asset purchase agreement and authorizing the sale of assets of the Debtors outside the ordinary course of business, authorizing the sale of assets free and clear of all liens, claims, encumbrances and interests, and authorizing the assumption and sale and assignment of certain executory contracts and unexpired leases. As previously reported, “At the conclusion of the Auction, the Debtors, after consultation with the Consultation Parties, determined that the bid submitted by Landry’s, Inc. of $57,000,000 is the Prevailing Bid and Landry’s, Inc. is the Prevailing Bidder.”
About Linzee Brown
Linzee Brown is the minority owner and President of New Generation Research, Inc. and has been with the firm since 2002. Linzee is responsible for the overall strategic direction and production of all of New Generation Research's offerings including Bankruptcy Week, BankruptcyData.com, the Business Bankruptcy Filing Data service, The Bankruptcy Yearbook & Almanac, The Distressed Company Alert and The Turnaround Letter. Prior to joining New Generation Research, Linzee served as Vice President of Direct Marketing for ISM (Boston), a mid-sized strategic marketing company and prior to that he served as a Vice President for Harte Hanks Direct Marketing, one of the country's largest direct marketing firms.