PCAA's Disclosure Statement Wins Court Approval

Law360, New York (April 16, 2010, 2:52 PM EDT) -- The judge overseeing Macquarie Infrastructure Co. Inc. unit PCAA Parent LLC's bankruptcy proceedings approved the company's disclosure statement Friday, giving PCAA a green light to start soliciting support for a plan that calls for the $111 million sale of its airport parking lot business Parking Corp. of America Airports.

Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware signed off on an order approving PCAA's first amended disclosure statement and scheduling a May 14 confirmation hearing on its reorganization plan.

PCAA filed...
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