Six Flags Pens $3M Deal With New Orleans

Law360, New York (October 8, 2009, 5:38 PM EDT) -- A bankruptcy judge on Thursday signed off on a settlement agreement that will see beleaguered theme park operator Six Flags Inc. shelling out $3 million to the city of New Orleans, where one of the company’s outposts was shuttered after sustaining damage during Hurricane Katrina.

Judge Christopher Sontchi of the U.S. Bankruptcy Court for the District of Delaware gave the green light to the deal, which terminates the lease at Six Flags’ now-defunct New Orleans outpost.

Under the terms of the agreement, the company will also...
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