The parent company behind Gilbert’s The Falls Event Center has filed for bankruptcy and recently settled with the SEC over allegations that its former CEO defrauded investors.
The Falls Event Center LLC filed for Chapter 11 bankruptcy protection on July 11 in U.S. Bankruptcy Court for the District of Utah.
The Utah-based company operates eight event centers in five states and plans to continue operations while it restructures the organization, according to a statement released by the company.
It is unclear how the bankruptcy will affect The Falls Event Center in Gilbert. The facility, located at 4635 E. Baseline Road, along the Mesa-Gilbert border, hosts corporate and personal events.
