Fraud examiner Soneet R. Kapila, founding partner of Fort Lauderdale, FL-based Kapila & Co., is expected to forward his month-long report shortly to Judge Arthur B. Briskman in Orlando.
Earl; his Orlando lawyer Scott Shuker; and other Planet Hollywood officials deny the allegations. But the creditors' lawyer, Denise Dell of Orlando-based Akerman, Senterfitt & Eidsen, has told the judge she has information that Planet Hollywood allegedly transferred several restaurants to company insiders and directors less than a year before the Oct. 15, 2001 bankruptcy filing.
In another related action, Dell has told the judge the reorganization plan notes a pending sale of Planet's London property to a buyers' group controlled by Earl and Tom Avallone, the firm's former chief financial officer.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
