NEW YORK, Dec 30 (Reuters) - A U.S. judge closed the bankruptcy case of Maxwell Communication Corp on Tuesday, more than 17 years after the British media empire collapsed amid a string of frauds.
U.S. bankruptcy judge Robert Gerber signed an order closing the case on Tuesday, noting there were no further contested matters or adversary proceedings in the case.
The Maxwell businesses were thrown into disarray after British publishing magnate Robert Maxwell died in November 1991 and evidence grew of alleged massive financial irregularities.
Pension fund assets of the public companies, Maxwell Communication Corp and Mirror Group Newspapers, had allegedly been looted to prop up parts of the empire.
Administrators and liquidators were appointed in Britain and the United States to recover sums for creditors. Many of Maxwell's key businesses were sold off at auction.
(Reporting by Emily Chasan) Keywords: MAXWELL/BANKRUPTCY (emily.chasan@thomsonreuters.com; +1 646 223 6114; Reuters Messaging: emily.chasan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. bankruptcy judge Robert Gerber signed an order closing the case on Tuesday, noting there were no further contested matters or adversary proceedings in the case.
The Maxwell businesses were thrown into disarray after British publishing magnate Robert Maxwell died in November 1991 and evidence grew of alleged massive financial irregularities.
Pension fund assets of the public companies, Maxwell Communication Corp and Mirror Group Newspapers, had allegedly been looted to prop up parts of the empire.
Administrators and liquidators were appointed in Britain and the United States to recover sums for creditors. Many of Maxwell's key businesses were sold off at auction.
(Reporting by Emily Chasan) Keywords: MAXWELL/BANKRUPTCY (emily.chasan@thomsonreuters.com; +1 646 223 6114; Reuters Messaging: emily.chasan.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.