Station Creditors Denounce Plan To Sidestep Examiner

Law360, New York (January 12, 2010, 4:11 PM EST) -- The committee of unsecured creditors of bankrupt Las Vegas gaming operation Station Casinos Inc. has taken exception to a stipulation between the debtors and a group of creditors that would erase the need for an examiner, calling the agreement an “unreasonable” drain on estate assets.

In an objection lodged Tuesday in the U.S. Bankruptcy Court for the District of Nevada, the committee denounced the debtors' motion for approval of an agreement to pay as much as $300,000 a month in legal expenses for the estate's independent...
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