The Deal: Would-Be Playland Operator Plunges Into Ch. 11

May 28, 2019

Standard Amusements filed for bankruptcy protection in a dispute with Westchester County over management of the Rye Playland amusement park. The company, which was set to operate the 280-acre amusement park, submitted a petition to avoid termination of its management agreement by the county.

Standard Amusements’ management agreement with the county arose from an attendance drop in the mid-2000s, which forced the county to seek private partner.

O’Melveny partners John Rapisardi, Daniel Shamah, and Daniel Cantor, and counsel Diana Perez are debtor counsel.