Will the Creative Loafing Managers Line Up?

The present owners of Creative Loafing Inc. don’t think they can win an outright bidding war for control of the company. So CEO Ben Eason and his allies hope the bankruptcy judge in Tampa—who’s held the fate of the company in her hands since CLI filed to reorganize under Chapter 11 last September—will choose the “highest and best” bid. And now they’d like her to conclude that the best bid is the one that includes CLI managers as shareholders.