Magna Entertainment Corp.

Company

• Pre-filing annual sales: $832 (millions of current dollars)
• Pre-filing assets: $1,734 (millions of current dollars)
• Pre-filing number of employees: 5,300
• Sub-industry: 79 Amusement And Recreation Services
• Place of incorporation: DE
• Court for city of headquarters: Outside United States
• In business at filing? yes

Bankruptcy case

• Chapter at filing: Chapter 11
• Who filed case? debtors
• Debtor's lead attorney: Weil Gotshal
• Date of filing: March 5, 2009
• Judge at filing: Mary F. Walrath
• Court district of filing: DE
• Court city of filing: Wilmington
• Case number: 09-10720
• Cause of bankruptcy: Not tort
• Forum shop? Forum Shop


• Case transferred? no
• Destination court of transfer: not applicable
• Creditors committee appointed? yes
• §363 sale: no 363 sale
• Dip loan final approval? yes
• Plan type: free fall


• Disposition status: confirmed
• Date of disposition: April 29, 2010
• Judge at disposition: Mary F. Walrath
• Days from filing to disposition: 420

After the case

• Did firm emerge? Company emerged
• Did firm refile? emerged 5 years, did not refile