Court approves new Bennigan's ownership

DALLAS A U.S. bankruptcy court has approved Atalaya Capital Management’s acquisition of Bennigan’s Franchising Co. LP, including the company’s equity, trademarks and other assets. The deal, which includes the Tavern and Steak & Ale brands, is expected to close by Oct. 31, Atalaya said.

The U.S. Bankruptcy Court for the Eastern District of Texas in Sherman is working through the Chapter 7 bankruptcy liquidation filings by a number of subsidiaries of Metromedia

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