CKX Unit Withdraws Prepackaged Liquidation Plan

Law360, New York (June 15, 2010, 1:07 PM EDT) -- CKX Inc. affiliate FX Luxury Las Vegas I LLC, which had planned to develop an Elvis Presley-themed resort in Las Vegas, has withdrawn the prepackaged liquidation plan it filed when it went bankrupt in April, which some of its creditors had sought to challenge with their own plan.

FX filed a notice saying it was withdrawing its plan, which called for its Las Vegas property to be auctioned, on Monday in the U.S. Bankruptcy Court for the District of Nevada. The notice did not give any...
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