A federal judge in Tampa has just ruled in favor of Creative Loafing Inc. CEO Ben Eason in a bankruptcy struggle with the company's main creditor, Atalaya Capital Management. Holder of $31 million in Creative Loafing debt, Atalaya was seeking to gain control of the company. The court denied Atalaya's motions and directed the two [...]

Another day, another update about the bankruptcy case filed by Creative Loafing, our parent company.
Apparently a judge in the bankruptcy court will announce tomorrow if Creative Loafing's current owners can continue owning us and the rest of the chain, or if Atalaya, a creditor owed oodles (and a firm that also owns Bennigans), will be [...]

Last Monday, Creative Loafing, the company that owns Washington City Paper and five other papers, announced that it had filed for Chapter 11 bankruptcy. At the time, Creative Loafing CEO Ben Eason said, Chapter 11 was a "natural place for the Company to go to accomplish an orderly reorganization of our finances."
This move was occasioned [...]