Settlement Clears Path For Six Flags Ch. 11 Emergence

Law360, New York (April 28, 2010, 3:51 PM EDT) -- Bankrupt theme park operator Six Flags Inc. should be able to emerge from Chapter 11 within the next few days, following a deal it struck to resolve the main outstanding objection to its reorganization plan.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware was expected confirm the plan either late Wednesday or early Thursday, according to Paul Harner, a partner with Paul Hastings Janofsky & Walker LLP and counsel for Six Flags.

“The company has always indicated that it wants...
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