A just-released financial audit revealing how Queen Mary operator Joe Prevratil used a shell game-style financial structure to enrich himself by nearly $8 million while driving Long Beach’s city icon into bankruptcy basically backs up and amplifies a story reported by The District Weekly last July.
Howard M. Ehrenberg, the court-appointed trustee for the Queen Mary during bankruptcy—who is currently opposing [...]

The District has learned that Joseph Prevratil and Howard Bell, former kingpins of the Queen Mary who got rich while sinking Long Beach’s floating icon into bankruptcy, are expected to relinquish their million-dollar condo in Hawaii to settle a lawsuit filed against them in February by the Queen Mary’s bankruptcy trustee Howard Ehrenberg and the [...]

The complicated sale of the lease to operate and develop the Queen Mary resumed its slow and unsteady progress toward closure Thursday morning in bankruptcy court when Judge Vincent Zurzulo approved an unusual $1.15 million settlement of a dispute lodged by small contracting company AAC Shoreline — after disgruntled development company, Bandero LLC, withdrew its [...]

A company that insists it has been defrauded of development rights to the Queen Mary and surrounding acreage will be in Los Angeles bankruptcy court this morning to try to put another obstacle in the path of final sale of the lease to that property.
Bandero LLC says it has invested more than $12 million into [...]

The Queen Mary’s bankruptcy trustee agreed today to pay AAC Shoreline $1.15 million to settle that company’s last-minute legal claim against former leaseholder QSDI, tentatively removing a stay by the ninth circuit court that had held up the final sale of the ship’s lease for more than a week, The District has learned.
“We’re pleased to [...]

The Queen Mary’s new lease on life — well, technically, its life with a new leaseholder – was scheduled to begin Monday, Oct. 22, but LBreport.com says a judge has delayed things at least a month.  Apparently, one of the subtenants of previous leaseholder QSDI, which drove Long Beach’s icon into bankruptcy under the self-serving reign of Joseph Prevratil and Howard [...]