Law360, New York (May 22, 2009) -- Tucked away in a relatively secluded quarter of the Arizona desert, the National Hockey League's Phoenix Coyotes rarely drew much attention. That all changed when the team, which has lost $73 million over the past three years along with seemingly countless games, filed for bankruptcy protection May 5.
The filing wasn't simply a reorganization. It included a plan to sell the team for $212.5 million to Jim Balsillie, co-CEO of BlackBerry maker Research In Motion Ltd. and a...
