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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.