Midway Files Chapter 11

Lee, Michael
February 2009
Red Herring;2/12/2009, p3
Trade Publication
The article reports that Midway Games has filed for Chapter 11 bankruptcy protection. In a statement, Midway chief executive officer (CEO) Matt Booty says that the filing is a difficult but necessary decision, and that it is the next logical step in an ongoing process to address their capital structure. The Chapter 11 protection should allow the company to go about its normal business. Midway's non-U.S. operations are not affected, according to the author.


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