Judge Approves Midway Liquidation Plan

By Alex Chen | January 01, 0001

Formerly a household name in video games, the bankrupted publisher will end up paying creditors between 16 and 25 percent of what they were owed, under a plan approved by a Delaware judge on Friday. Midway was long H25 gone before Friday’s judgment, its assets bought up H25 by Warner Bros. Entertainment last year h25 com สล็อต​ in a transaction worth about $49 million. The distribution of h25 com เข้าสู่ระบบ​ those proceeds will give about $25 million h25 com สล็อต​ to unsecured noteholders – owed $155 million – and $9.2 million to unsecured creditors, who were owed $9.2 h25 com เข้าสู่ระบบ​ million. The unsecured creditors had sued, alleging that a fraudulent sale of Midway’s stock had damaged them. A judge tossed that suit, and another suit over the order in which claims would be paid was recently settled for a $1 million. Midway Games Wins Court Approval of Liquidating Plan [BusinessWeek]

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