Phoenix Coyotes File New Disclosure Statement

Law360, New York (May 26, 2010, 12:44 PM EDT) -- The parent firm of bankrupt National Hockey League team the Phoenix Coyotes has filed a new disclosure statement in its Chapter 11 proceedings, outlining the treatment of prepetition claims and equity interests under the proposed reorganization plan.

Coyotes Hockey LLC filed the statement in the U.S. Bankruptcy Court for the District of Arizona on Tuesday in reference to a reorganization plan filed with the court May 10.

Each holder of an allowed priority claim other than a priority tax claim will receive cash in an amount...
To view the full article, register now.