Wayne Newton Museum Developer Files Ch. 11 Plan

Law360, New York (May 20, 2013, 1:38 PM EDT) -- A bankrupt real estate developer that planned to turn Wayne Newton’s Las Vegas mansion into a Graceland-style museum filed a Chapter 11 reorganization plan Friday which would pay all of its creditors in full, following an April settlement of litigation with the singer.

CSD LLC said all creditors are assumed to have accepted the plan without voting on it, as it treats every creditor as unimpaired, however, they will retain the right to object to the plan’s confirmation. The developer, whose primary operations consist of managing...
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