OTHER NEWS - Aug. 24, 1991
Judge Won’t Delay Greyhound Hearing: Greyhound Lines Inc. won permission to press ahead with its plan to emerge from bankruptcy under a $600-million reorganization. Greyhound is to appear before U.S. Bankruptcy Judge Richard Schmidt on Tuesday for final confirmation of the plan. The Amalgamated Transit Union had asked for a month-long delay so that a Dallas investment group could prepare a competing reorganization plan that includes a purchase offer. But Schmidt said a delay wouldn’t be in the best interest of the company’s creditors.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
