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Relativity Bankruptcy: Court Staves Off Chapter 7 For Now After Lawyer Claims Prospect Of Investors by Jeremy Gerard

In a hearing this morning in New York bankruptcy court, arguments were heard whether to proceed with moving from Chapter 11 to Chapter 7 (liquidation). The result: A new hearing was set for August after lawyers for Ryan Kavanaugh said that there were prospects of possible equity investors and they were also anticipating monies coming from the Netflix deal on two films. A Relativity lawyer who was piped in via s…

SOURCE: Deadline at 12:05pm on May 17, 2017 ☆ ⚑

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