The Dolphin Company Corrects Former Management's Claims
The Dolphin Company has issued a statement refuting claims made by its former CEO. The company confirmed that its independent director and chief restructuring officer remain in control.
Wilmington, Delaware – The Dolphin Company has released a statement addressing what it calls false and misleading claims circulated by former CEO Eduardo de Martín Albor Villanueva and others purporting to speak for the company. The company stated that the recent press release issued by former management violates several U.S. Bankruptcy Court orders.
According to The Dolphin Company, Mexican court records do not support the former CEO's assertions. The company's independent director, Steven Strom, and chief restructuring officer, Robert Wagstaff, are the duly authorized representatives and continue to lead the company through its restructuring process under Mexican law and Chapter 11 in the United States. No Mexican court has overturned the leadership change that occurred in March 2025, the company stated.
The company asserted that there is no Mexican insolvency proceeding overseeing the restructuring of The Dolphin Company entities. Furthermore, it noted that Mr. Albor's actions concerning the initiation of a Mexican insolvency proceeding are subjects of ongoing criminal proceedings against him in Mexico. Precautionary measures issued by a Mexico City civil court on April 4, 2025, reportedly prohibit Mr. Albor from acting as the company's representative.
The Dolphin Company stated it remains focused on completing its Chapter 11 restructuring, protecting the welfare of its animals, supporting its employees, and preserving value for stakeholders. The company reserves all rights concerning any false or misleading statements made by former management.
The Dolphin Company operates 30 parks and dolphin habitats globally. Its parent company, Leisure Investments Holdings LLC, is under Chapter 11 bankruptcy protection in Delaware.