Dodgers' Ch. 11 Plan, $2B Sale Waved Home

Law360, Wilmington (April 13, 2012, 10:53 PM EDT) -- A Delaware bankruptcy judge gave his blessing Friday to the Los Angeles Dodgers' reorganization plan and the $2 billion sale of the storied baseball franchise, despite an 11th hour barrage of objections from Major League Baseball.

At a court hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross signed off on the plan, waving the Dodgers home toward an exit from Chapter 11 by the end of the month. The plan repays in full creditors owed more than $700 million with proceeds from the record-setting sale of...
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