A disclosure statement explaining the Texas Rangers reorganization plan was approved late yesterday. The bankruptcy judge in Fort Worth, Texas, scheduled a confirmation hearing for July 9 where the professional baseball club will ask for approval of the Chapter 11 plan billed as paying all creditors in full.
David Coe, who led Allco Finance Group in a failed bid for Qantas Airways Ltd. before the asset management firm collapsed during the global financial crisis, has died, the Sydney Morning Herald reported.
Rubicon US REIT Inc. is making a last-ditch effort at stopping a noteholder takeover at next week’s plan-confirmation hearing by alleging that the creditors engaged in “shockingly unethical and reprehensible conduct.”
Publisher Tribune Co. announced yesterday that mediation resulted in agreement with some creditors on a reorganization plan along the lines proposed earlier this month by creditors Oaktree Capital Management LP and Angelo Gordon & Co.
The Texas Rangers professional baseball club held the first hearing yesterday in U.S. Bankruptcy Court in Fort Worth after filing what the team called a prepackaged Chapter 11 reorganization on May 24.