VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: https://www.ifoldsflip.com/i/33897
IN BUSINESS COURTS ‘ND’, NIGHTCLUB FIGURE, SUED BY BANKRUPTCY TRUSTEE By Steve Green senior staff writer A bankruptcy trustee sued Las Vegas nightclub and stage figure Nicole “ND” Durr, charging she and others drained three of Durr’s companies of more than $4.3 million before they filed for Chapter 7 bankruptcy liquidation. The trustee is also suing the owner of the now-closed Sahara, among others, as he seeks to recover money to pay creditors owed by Durr’s companies. Three of her companies — Viashow Inc., Space LLC and Alcanze LLC — filed for Chapter 7 bankruptcy liquidation in Delaware on June 1, 2009. The bankruptcy filings came as Durr’s ND’s Fuego nightclub at the Rio shut down. Plans collapsed for a megaclub at the Shoppes at the Palazzo called ND’s Space. The German-born Durr was a songwriter for top European artists and gained fame as a choreographer and director when she brought the production “Havana Night Club—The Show” in 2004 to the Stardust. Trustee George L. Miller focuses on BETTER DAYS: Nicole Durr, leſt, cheers with cast members in November 2004 aſter a news conference held to announce that 43 cast members of her stage production “Havana Night Club—The Show,” were seeking asylum in the United States. allegations that money was improperly transferred—to the detriment of creditors—for the “Fuego Raw Talent” show at the Sahara. It ran from about August 2008 to February 2009 and was also known as “Raw Talent Live.” Attorneys alleged in their complaint MEET, GREET AND DO BUSINESS + More + EFFICIENT + More + AT WORLD MARKET CENTER LAS VEGAS GET YOUR TICKETS TODAY June 22, 2011 Noon — 5 p.m. GOLD SPONSORS: Tickets just $10 Booths as low as $525 Call 641.5822 or visit LVChamber.com SILVER SPONSORS: SHOW PARTNER: | 13 JUNE 2011 | SYSTEMIZED + More + DISCIPLINED + More + PROFIT AMERICA’S FAVORITE SANDWICH “DELIVERY GUYS” TM CHECK US OUT, YOU DECIDE! JIMMYJOHNS.COM ~ 800.546.6904 ©2009 JIMMY JOHN’S FRANCHISE, LLC ALL RIGHTS RESERVED. THIS OFFERING IS MADE BY PROSPECTUS ONLY. 17 that damages sustained by Viashow were caused by Durr and other officers and directors “breaching their fiduciary duties by systematically facilitating and engaging in a pattern and practice of draining assets from Viashow” to fund the Sahara production. The trustee complained that while assets of the three bankrupt companies were used to present the show at the Sahara, none received revenue or benefit from that show. The trustee seeks to recover $4.355 million from Durr; J.L. Jordan III, a director of Viashow; and three Durr companies—FNV LLC, PG LLC and Angel’s Warriors Foundation— charging “intentional fraud.” The complaint also seeks to recover $1.285 million paid to the owner of the Sahara and hundreds of thousands of dollars paid to other vendors at times the trustee says Viashow was insolvent. The trustee also filed complaints in hopes of recovering money paid by one or more of the Durr companies to A.V.E. Inc., República LLC, Rafa Entertainment, MiXX iT uP, In House Productions, A and D Scenery, publisher 944 Media LLC, Sierra Health & Life Insurance Co. and law firms Lewis and Roca LLP in Las Vegas and Gang, Tyre, Ramer & Brown in Beverly Hills, CA. EXHIBIT BOOTHS AVAILABLE AMY BETH BENNETT