Judge OKs 2nd-Lien Lenders' FX Reorganization Plan

Law360, New York (November 8, 2010, 4:17 PM EST) -- A bankruptcy judge on Monday signed off on a restructuring plan for FX Luxury Las Vegas I LLC, the owner of 17.7 acres along the Las Vegas Strip, according to an attorney representing second-lien lenders who will take control of the CKX Inc. affiliate.

Judge Bruce A. Markell of the U.S. Bankruptcy Court for the District of Nevada approved the plan at a confirmation hearing in Las Vegas, said Lenard M. Parkins, a partner with Haynes and Boone LLP representing the second-lien lenders.

“Everything is confirmed,...
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