IPIC Theaters, LLC Announces Plans to Pursue Sale
IPIC Theaters, LLC ("IPIC®" or "Company"), America's premier luxury dine-in theater and restaurant brand, announced plans to pursue a sale of assets through voluntary Chapter 11 reorganization under the US Bankruptcy Code in the Southern District of Florida ("Court") where it will seek approval of said sale. The Company announced that it will continue to operate and conduct business pending a process to maximize value to all creditors.