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Article: Easyriders stalled by chapter 11 filing

Article from:
Orange County Business Journal
Article date:
August 20, 2001
Author:
Copyright

Agoura Hills-based Easyriders Inc., the magazine publisher formerly headed by Orange County businessman John Martin, is. going back to what it knows best: motorcycles and tattoos.

Before Easyriders can make the shift, though, its management must convince Nomura America Holding Inc. that the company will be worth more after a bankruptcy reorganization than through an outright sale.

Normura America, part of Japan's Nomura Securities Co. and Easyriders' major creditor, forced the company into bankruptcy in July. Subsidiary Paisano Publishing Inc. also filed for bankruptcy protection.

The filing capped a long restructuring at Easyriders. Former Taco Bell Corp. chief executive Martin quit as ...

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