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Article: Easyriders Stalled by Chapter 11 Filing.(restructuring effort for Easyriders Inc.)(Brief Article)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 13, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Forced into bankruptcy because of a dispute with its major creditor, Agoura Hills publisher Easyriders Inc. is looking to make a quick recovery by focusing on what it knows best: motorcycles and tattoos.
Before that happens, however, current management must convince Nomura America Holding Inc. that the company will be worth more after a Chapter 11 reorganization than through an outfight sale.
A restructuring of the 30-year-old company three years ago culminated last month in the bankruptcy filings of Easyriders and its subsidiary, Paisano Publishing.
Thus far, Nomura, which underwrote the restructuring, has resisted attempts by Easyriders to ...