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Struggling Relativity Media should be forced into a Chapter 7 liquidation, one of the struggling media companys many creditors demanded in a filing with the U.S. Bankruptcy Court in New York Wednesday, according to documents provided by one of the lawyers in the case.
The motion comes from Relativity Secured Lender, an entity used by Chicago investor Joseph Nicholas, who was one of Ryan Kavanaughs last partners, as the Relativity Media founder fought to resurrect his company after filing Chapter 11 bankruptcy in July of 2015.
While the filing does not name Nicholas, it was made on behalf of Relativity Secured Lender, which has previously been identified in court …
Read the full article at: http://variety.com/2017/film/news/relativity-media-liquidation-1201981870/
