Fight Heats Up Over Meruelo's Disclosure Statement

Law360, New York (September 15, 2010, 6:58 PM EDT) -- Creditors of Meruelo Maddux Properties Inc. are frantically protesting the real estate developer's disclosure statement, saying an inaccurate press release it put out was an improper solicitation that tainted the voting process.

The official committee of unsecured creditors filed an emergency motion with the U.S. Bankruptcy Court for the Central District of California on Tuesday, one day before a hearing was set to take place.

It said the court should not sign off on the debtor's disclosure statement — even though it was approved subject to...
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