Barney, Aram and King Kong

Aram Ordubegian and Andy “King” Kong, also known as Barney’s personal bankruptcy attorneys, apparently have their hands full handling all of Barney’s biz.  King Kong’s bio lists his work on a case called S-King:

“S-King Estates, LLC Represented debtor-in-possession, a “ski down” resort in Salt Lake City, Utah, in heavily contested plan confirmation, conducting extensive discovery regarding lender’s “predatory tactics” and property valuation. Successfully confirmed plan of reorganization”

Interestingly enough, the work Aram and King Kong did on S-King resulted in the following on page 13 of this document (click here).

G.  On the Effective Date, Barney Ng’s position as manager of the Debtor shall be terminated and the manager of the Reorganized Debtor, as defined in the Modified Plan, shall be David M. Luber. David M. Luber shall not receive compensation for serving as manager of the Reorganized Debtor.

Barney’s potential Siena golden parachute is $7,000,000.  How’d he do on S-King?  Anybody know?

While we discuss the question above, the good folks of Arent Fox will continue cleaning up Barney’s messes (click here to learn more about their activities and how they relate to the Siena).

 

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