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.
Multimillionaire philanthropist Anne Bass, ex-wife of Texas oil tycoon Sid Bass, said she was sure she was going to die the night her estate was invaded by armed, masked men who injected her with what they called a “deadly virus” and demanded $8.5 million for the antidote.
A Las Vegas-area development won court approval of a bankruptcy exit plan that raises money for creditors in part with plans to sue the company’s former investors, including billionaire brothers Sid and Lee Bass .
Nicolas Berggruen , who is acquiring German department-store chain Karstadt AG, said he’s already invested about 73 million euros of the 400 million euros ($545 million) he’s budgeted to spend on the stores in five years.