BNP Can't Recast Vote For Meruelo Ch. 11 Plan: Judge

Law360, New York (June 1, 2011, 8:32 PM EDT) -- A California federal judge on Tuesday shot down a request by BNP Paribas VPG Brookline CRE LLC, a secured creditor in the bankruptcy of developer Meruelo Maddux Properties Inc., to take back its support for the debtor's reorganization plan.

BNP had sought to rescind its vote in favor of the plan, saying 11th-hour modifications — made after the bank had already cast its ballot — would hurt its ability to receive payment on at least $10 million it is owed on loans. U.S. District Judge Victoria...
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