From: PDX Tribune
Suddenly, Paul Allen seems to have an issue with … Paul Allen.
The Alice in Wonderland world of a company wholly owned by Paul Allen declaring bankruptcy — the Paul Allen who is worth $21 billion, according to Forbes magazine — is getting stranger and stranger.
In the bankruptcy case of Allen-owned Oregon Arena Corp., the Portland Trail Blazers are arguing that Oregon Arena Corp. has breached its contractual duties to the Trail Blazers by not maintaining the Rose Garden for the last several years as a “first class” arena.
The Trail Blazers, of course — like Oregon Arena — are wholly owned by Allen.
But you wouldn’t know it by reading some of the court papers......