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IN RE TYSON

Bankruptcy No. 03-41900 (ALG). Adversary No. 05-02210.

412 B.R. 623 (2009)

In re Michael G. TYSON, et al., Debtors. R. Todd Neilson, Plan Administrator of the MGT Chapter 11 Liquidating Trust, on behalf of the MGT Chapter 11 Liquidating Trust and on behalf of Michael G. Tyson, an individual, Plaintiff, v. Straight-Out Promotions, LLC, a Kentucky Limited Liability Company; Chris Webb, an individual; Brearly (International) Limited, a Gibraltar Corporation; Frank Warren, an individual; Sports Network, PLC, a United Kingdom Corporation; Marinetrack Holdings, PLC, a United Kingdom Corporation; Sports & Leisure, Boxing, Ltd., a United Kingdom Corporation; and Edward Simons, an individual, Defendants.

United States Bankruptcy Court, S.D. New York.

August 19, 2009.

Attorney(s) appearing for the Case

Pachulski, Stang, Ziehl, Young, Jones & Weintraub P.C. by: Robert J. Feinstein, Esq., Alan J. Kornfeld, Esq., Beth E. Levine, Esq., New York, NY, for the MGT Chapter 11 Liquidating Trust and the Debtor.

J. Bruce Miller Law Group by: J. Bruce Miller, Esq., Michael J. Kitchen, Esq., Louisville, KY, for Straight-Out Promotions and Chris Webb.

K & L Gates LLP by: Lani A. Adler, Robert N. Michaelson, New York, NY, for Sports Network PLC, Sports & Leisure Boxing, Ltd., Marinetrack Holdings, PLC, Frank Warren and Edward Simons.

MEMORANDUM OF OPINION

ALLAN L. GROPPER, Bankruptcy Judge.

This is an action for damages in connection with a professional heavyweight boxing match (the "Fight") held on July 30, 2004, in Louisville, Kentucky between Mike Tyson ("Tyson"), the former world heavyweight champion, and Danny Williams ("Williams").

A. The Parties

(i) Todd Neilson (the "Plaintiff")

The year before the Fight, Tyson and his wholly-owned...

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