Creditors Race To Defend NYRA Against $18M Claim

Law360, New York (December 11, 2007, 12:00 AM EST) -- The creditors committee in the New York Racing Association Inc.'s Chapter 11 case has joined NYRA in rallying against a roughly $18 million claim by a group that purportedly represents the interests of thoroughbred horsemen.

On Monday, the Official Committee of Unsecured Creditors argued that the New York Thoroughbred Horsemen's Association Inc.'s claim allowance motion should be denied because it could not establish any independent claims against NYRA's estate, did not have standing to prosecute claims on behalf of any of its members and could not...
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