Former Delmonico’s Operator Goes Bankrupt Amid Feud Over Brand

The former operator of Delmonico’s in New York, yesteryear scene of Wall Street deals brokered over wedge salads and buttery steaks, has filed bankruptcy amid an ownership fight with its landlord over the storied restaurant’s name.

Ocinomled Ltd., which began operating Delmonico’s in the late 1990s, filed for Chapter 11 protection on Monday and listed $950,000 in unpaid rent allegedly owed to an affiliate of real estate investment firm Time Equities Inc. The affiliate, Beaver Equities Group LP, owns the historic building in Manhattan’s Financial District that houses the restaurant, which is temporarily closed.

Delmonico’s steakhouse stands in downtown New York, US, on Wednesday, June 10, 2020.

Photographer: Sarah Blesener/Bloomberg

The bankruptcy follows years of ...