The reorganization of Pittsburgh's ailing professional hockey franchise spotlights a fledgling effort to use mediation more often in resolving bankruptcy disputes. A new program in the Western District of Pennsylvania promises faster, more cost-efficient resolutions in bankruptcy cases. U.S. Bankruptcy Court President Judge Bernard Markovitz approved hockey great Mario Lemieux's bid to buy the Penguins, but the reorganization would not have happened without mediation, Markovitz said.
September 20, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The reorganization of Pittsburgh’s ailing professional hockey franchiseis spotlighting a fledgling effort to use mediation more often inresolving bankruptcy disputes.
U.S. Bankruptcy Court President Judge Bernard Markovitz Sept. 3approved hockey great Mario Lemieux’s bid to buy the ailing Penguins.The deal was valued at $95 million.
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