Article: Magna Entertainment Corp. files second default status report.

AURORA, ON, April 28 /PRNewswire-FirstCall/ -- Magna Entertainment Corp. ("MEC") filed this news release as its second 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 file 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 United States Bankruptcy Code. The filing of this press release occurred after the ...

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