Richard W. Riley Representing La Quinta, California in The Auction for Property Owned By SilverRock Development Co.
Richard W. Riley, counsel in the firm’s Bankruptcy, Restructuring & Creditors’ Rights practice, was recently mentioned in a Law360 article titled, “SilverRock Seeks To Test $60M Bid At Ch. 11 Auction.” The article discusses how SilverRock Development Co. is seeking court approval to hold a public auction for its 134-acre La Quinta, California property, hoping to surpass a $60 million stalking horse bid from TBE RE Acquisition Co. II LLC as part of its Chapter 11 bankruptcy process. The auction requires bidders to coordinate development plans with the city of La Quinta and submit final offers and deposits by July 29.
Richard W. Riley is representing the City of La Quinta alongside William Ihrke of Rutan & Tucker LLP, and Bradford F. Englander of Whiteford Taylor & Preston LLP.
To read the full Law360 article, click here.
