South Edge Closes In On Ch. 11 As Investors Settle

Law360, New York (October 7, 2011, 8:55 PM EDT) -- Nevada housing development project owner South Edge LLC moved closer to its Chapter 11 exit as project investors involved in a $26 million dispute over development funds reached a settlement Wednesday.

U.S. Bankruptcy Judge Bruce A. Markell agreed to hear the motion for the order approving the settlement Oct. 17, the same day as the confirmation hearing of a reorganization plan filed Sept. 8.

“If the settlement is approved, and the plan is confirmed and becomes effective, the settlement will have resolved the [disputes] at much-reduced expense...
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