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River Road Makes Case Against Credit Bidding In High Court

By Amanda Bransford (April 23, 2012, 6:14 PM EDT) -- River Road Hotel Partners LLC on Monday told the U.S. Supreme Court that its Chapter 11 plan does not have to allow credit bidding by lender Amalgamated Bank at auction, saying the practice is not required as long as lenders receive a fair equivalent to their secured claims....

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