Trident Resources Corp . brought a nine-month reorganization to fruition yesterday when the bankruptcy judge signed a confirmation order approving the Chapter 11 plan for the independent natural gas production and development company. The plan was unopposed.
The bankruptcy judge put the Texas Rangers baseball club and its secured lenders under greater pressure to settle yesterday, signing an order compelling mediation over the reorganization plan and how much the lenders receive.
A bankruptcy judge wrote a 62-page opinion yesterday approving the reorganization plan for Young Broadcasting Inc. proposed by the owner of 10 television stations in 10 markets. He refused to confirm a competing plan proffered by the creditors’ committee.