Guessing game over Mark Thomas vexes Midway Games’ creditors
Who is Mark Thomas, the investor behind Midway Games?
The company’s bondholders are keen to find out, especially since Midway’s recent bankruptcy has revealed that Thomas could jump ahead of them to receive a huge payout in the bankruptcy reorganization of the video-game publisher.
Midway bondholders Friday filed an objection in bankruptcy court, claiming the secretive nature of how Thomas acquired his majority stake puts them at a serious disadvantage. "It’s a very unusual situation," said Greg Bray, a lawyer at Milbank, Tweed, Hadley & McCloy LLP who represents the bondholders. "We’re all curious."
