Regent Ch. 11 Plan OK'd Over Resilient's Challenge

Law360, New York (April 13, 2010, 1:52 PM EDT) -- The judge overseeing Regent Communications Inc.'s Chapter 11 proceedings has confirmed the company's restructuring plan — under which Regent's secured lenders will get the lion's share of the equity in the reorganized debtor — despite an objection from stockholder Resilient Capital Partners LLC.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of Delaware signed off on an order confirming Regent's first amended joint plan of reorganization Monday.

Regent said it expected the plan to become effective on or about April 27.

Judge Gross...
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