Vote's On Deck After Texas Rangers Disclosure OK'd

Law360, New York (June 22, 2010, 11:30 AM EDT) -- The Texas Rangers have received approval of the disclosure statement for the Major League Baseball team's reorganization, moving the plan closer to a vote on confirmation.

A confirmation hearing will be held July 9, according to an order issued Monday by Judge D. Michael Lynn of the U.S. Bankruptcy Court for the Northern District of Texas.

The judge said holders of first- and second-lien claims, as well as holders of equity interest, will be allowed to vote on the plan, putting off until later a decision...
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