Magna Entertainment Corp

Lawsuit Against Stronach Gets Go-Ahead

September 22, 2009

According to a report on Bloomberg.com, United States bankruptcy judge Mary Walrath today ruled that Frank Stronach will have to face allegations that he utilized false loans in attempt to stop his ho...

Commission Rules In Favour Of MID

September 15, 2009

On Monday, September 14, MI Developments Inc. announced that the Ontario Securities Commission dismissed claims made by certain MID Class 'A' shareholders challenging MID's ability to rely on certain ...

Minority Shareholders Take Aim At Magna

September 09, 2009

According to a report by The Globe & Mail, in an Ontario Securities Commission hearing today, minority owners of MI Developments accused the company of improperly making loans to subsidiary Magna ...

MEC Assets Pilfered?

A group of unsecured creditors have gone to court in Delaware, charging that racetrack owner Magna Entertainment Corp. fraudulently transferred more than $125 million to Frank Stronach-controlled comp...

Stronach Out As MEC CEO

Magna Entertainment Corp. announced yesterday that Frank Stronach has been replaced as CEO

Review Of CHRB Actions & Discussions

The California Horse Racing Board conducted its regular monthly meeting Thursday at Golden Gate Fields

NASDAQ To Delist MEC

Magna Entertainment Corp. has announced that it has received notification from the NASDAQ stock market that its securities will be delisted

Magna Files For Bankruptcy

Magna Entertainment Corp. ("MEC" or "the Company") (NASDAQ: MECA; TSX: MEC.A), together with certain of its wholly-owned subsidiaries, today announced that it has filed voluntary petitions for reorgan...

Magna Announces Resignation Of Director

February 20, 2009

Magna Entertainment Corp. today announced that Mr. Jerry Campbell, lead director and a member of the Audit Committee, has stepped down as a director of MEC, effective immediately

MI Developments Not Separating From Magna Entertainment

February 19, 2009

MI Developments Inc. yesterday stated that its previously-announced plans which would have seen itself separate from Magna Entertainment Corp. have been cancelled.

Big News From Magna Entertainment

November 26, 2008

The Wednesday NASDAQ trading session saw shares in the Magna Entertainment Corporation blast off amid talk of the financially-troubled racetrack operator becoming an independent business, breaking awa...