Ex-CEO of Ocean Parks Fined $10,000 a Day in Spat With Lenders
(Bloomberg)-A series of bankruptcy, former general manager of dolphin-themed animal parks, Costco, the credit card readers of the company, the company to remove from Mexican locations to remove the use of credit card readers of the use of a fine of $ 10,000 faces a fine.
A federal judge in Delaware applied sanctions on Eduardo Albor, who fought with US -based lenders for the control of Dolphin Company, the theme parks in Latin America, USA and Europe. Judge Laurie Silverstein ordered the company to stop intervening in operations and access bank accounts and other financial records to new management.
Albor and the lending of the new administration of the new administration, the company’s operations broke the company’s operations and threatened the welfare of hundreds of dolphins, sea lions and other animals. The newly appointed independent directors were worried about animal welfare in the theme parks of the company because a number of dolphins were killed in recent months. The organizers also tightened the company’s review.
Animals are valuable collateral for both the main attraction centers in parks and more than $ 100 million.
Albor spent the dolphin to build a multinational company for decades, but in May, he lost control of his empire in early this year after the debt of approximately 100 million dollars, which owed to the Cigna Health and Life Insurance Company and the US residual insurance company. Layers have been trying to remove Albor since last year.
In April, Albor, lenders seized the control of the parent company and allegedly allegedly in court applications, the Mexican parks established new credit card terminals. It is claimed that the terminals allow Albor to allow Dolphin Company to move away from bank accounts.
According to the court applications, Cash, which was collected as the most intensive tourism season, was put in new accounts established by Albor and partly used to pay the legal invoices in Mexico.
The sanctions of the judge did not mention the new credit card terminals, but focused on the efforts of Albor to present the challenges of court in Mexico, still responsible for Dolphin’s company. Albor used the court cases in Mexico to prevent lenders from taking over the company and try to remove their representatives from the center in Cancun.
During a court hearing this week, Albor’s lawyer defended the former ruler, arguing that Albor was collaborating with new executives. Lawyer James C. Moon, new payment machines were built in parks and Dolphin Company’s main accounts were frozen, new bank accounts were opened.
The new accounts allowed Albor to pay to employees in the parks in Mexico and feed animals.
The two sides are struggling in access to employees who need to operate company records, computer systems and Mexican businesses.
In April, Albor took back the control of the central building of the Yunus Company with the help of state police officers. After the bankruptcy in the US, the lenders temporarily changed the locks in the building, including Albor’s personal office.
The case is Leisure Investments Holdings LLC in Delaware Region US bankruptcy court 25-10606.
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