Valitar Bankruptcy

The producer of Valitar, a now defunct equine-human acrobatics show at the Del Mar Fairgrounds, has filed for bankruptcy protection.

Mark Remley of Rancho Santa Fe, whose company Equustria Development, produced Valitar, spent millions on the show that premiered Nov. 16 and closed after just four performances because of poor ticket sales.

The bankruptcy documents filed Dec. 14 in federal court in San Diego list the company as having assets worth somewhere between $1 million and $10 million. They also show the company has liabilities worth $1 million to $10 million.

Also listed in the documents are 86 vendors and former employees, including the former Valitar director Sylvia Zerbini and ShowTec, a Poway-based company that provided lighting, audio and other equipment for the show.

The documents do not indicate how much each vendor is owed. ShowTec, which has filed a lawsuit for breach of contract against Equustria, claims it was owed about $1 million.

The Del Mar Fairgrounds is also listed on the bankruptcy filing as one of the vendors owed money.

via VALITAR PRODUCER FILES FOR BANKRUPTCY | UTSanDiego.com.