Actress Eva Longoria received the kiss of approval Monday for the sale of her bankrupt Beso restaurant in Las Vegas.
Bankruptcy Judge Mike Nakagawa in Las Vegas approved a contested proposal by Landry’s Restaurants Inc. of Houston to buy the restaurant’s assets for $1 million.
Longoria will hold a 30 percent stake in an entity that will use the restaurant and Landry’s is indemnifying Longoria, within limits, against lawsuits filed by disgruntled investors.
Some of the investors had opposed the Beso sales transaction, saying it appeared to be a sweetheart deal for Longoria – even though she may lose her $1.375 million investment in the business.