By Benjamin Y. Lowe
INQUIRER STAFF WRITER
November 10, 2001
Bondholders of Epic Resorts L.L.C. are alleging that the president of the King of Prussia company transferred assets
out of the business without the required Bankruptcy Court approval.
The bondholders also say Epic's president, Thomas Flatley, violated terms of a 1998 bond sale by taking on more
debt without creditor approval.
The creditors' charges were part of their request this week that U.S. Bankruptcy Court Judge Mary F. Walrath in
Wilmington appoint a trustee to oversee Epic's reorganization.
Read this entire article in The
Philadelphia Inquirer.