Six Flags Investors Escape Disclosure Requirement

Law360, New York (January 21, 2010, 7:21 PM EST) -- In an about-face from other recent rulings on the issue, the judge overseeing the bankruptcy of Six Flags Inc. has struck down an attempt to force an informal committee of noteholders to reveal details about their investments, asserting that a disclosure requirement in bankruptcy law does not apply.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware on Wednesday denied a motion to compel filed by the official committee of unsecured creditors, which had alleged the noteholders should produce more information...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.