Bankruptcy Expert Tom Littler "NHL Coyotes Bankruptcy Ruling"

The NHL could claim a partial victory  after a U.S. bankruptcy judge rejected bids by the league and Canadian billionaire Jim Balsillie to purchase the Phoenix Coyotes.

Judge Redfield T. Baum rejected outright Balsillie’s offer to purchase the team and move it to Hamilton, Ontario, which the NHL had vehemently opposed. The judge upheld the league’s right to decide who owns its teams and where they play.

Scott Drake talks with bankruptcy expert Tom Littler, partner at Warnicke and Littler in Phoenix.