Judge OKs Twin River Casino's Disclosure Statement

Law360, New York (January 28, 2010, 7:33 PM EST) -- Laying the ground for a smooth emergence from Chapter 11 for bankrupt Rhode Island casino Twin River, a judge has approved an amended disclosure statement following a settlement the company reached with creditors over terms in its reorganization plan.

Judge Arthur N. Votolato issued a ruling Thursday in the U.S. Bankruptcy Court for the District of Rhode Island approving the disclosure statement for the second amended plan and setting a March 16 confirmation hearing date for the proposal.

The disclosure statement approval comes two days after...
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