Bloomberg News Reports on Magic Brands Sale to Luby’s Restaurant Chain

In a round-up article, ​“Chrysler, WaMu, Texas Rangers, Visteon, Magic Brands, Tribune: Bankruptcy,” Bloomberg News reported that Magic Brands completed the sale of Fuddruckers’ stores and businesses to the restaurant operator, Luby’s Inc. for $63.5 million. The article reported that Kelley Drye represented the official creditors’ committee.