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: Kentucky Law BlogGeneral Growth files for bankruptcy protection
By Michael Stevens
From Yahoo.com/Reuters comes the following story. Note that General Growth Properties owns four malls in Kentucky, to include Mall St. Matthews and Oxmoor Center in Louisville, Florence Mall in Northern Kentucky, and Greenwood Mall in Bowling Green. Click on title for entire story:
NEW YORK (Reuters) ?General Growth Properties (GGP) Inc, the second largest U.S. mall owner, filed for bankruptcy protection on Thursday in one of the biggest real estate failures in U.S. history.
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General Growth said several of its other subsidiaries in addition to the malls were also placed into bankruptcy protection, while several properties that are part of joint ventures were unaffected.
The company has hired law firms Weil Gotshal & Manges and Kirkland & Ellis to represent it, according to court papers.
The case is In re: General Growth Properties Inc, U.S. Bankruptcy Court, Southern District of New York, No. 09-11977.
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Full post as published by Kentucky Law Blog on April 16, 2009 (boomark / email).
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