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Rangers Filing Not A Prepackaged Plan: US Trustee

By Melissa Lipman (May 25, 2010, 6:49 PM EDT) -- The Texas Rangers' Chapter 11 filing should be treated as a traditional bankruptcy rather than a prepackaged plan because its lenders did not have a hand in developing the proposal and the Major League Baseball team did not solicit voting before launching the case, the U.S. trustee said Tuesday....

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