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Article: Magna Entertainment Corp. files first default status report.
- Article from:
- PR Newswire
- Article date:
- April 8, 2009
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AURORA, ON, April 7 /PRNewswire-FirstCall/ -- Magna Entertainment Corp. ("MEC" or the "Company") filed this news release as its first bi-weekly default status report under National Policy 12-203 of the Canadian Securities Administrators, pursuant to which MEC announced that it would not be filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2008, nor would it be filing quarterly reports on Form 10-Q, with the U.S. Securities and Exchange Commission or the Canadian securities regulators during the period it continues to operate its business as a debtor in possession under the U.S. Bankruptcy Code. MEC reports that since announcing the original ...