Tropicana Shakes Up Ch. 11 Reorganization Efforts

Law360, New York (March 5, 2009, 12:00 AM EST) -- Tropicana Entertainment LLC has filed amended reorganization plans and disclosure statements, representing various of the casino company's holdings, as the debtors try to find their way out of bankruptcy.

The filings Thursday in the U.S. Bankruptcy Court for the District of Delaware are the result of negotiations between creditors and two groups of debtors in the case — known as the LandCo debtors and the OpCo debtors — according to court documents filed by the debtors' lawyers.

The OpCo lenders and LandCo lenders in the case...
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