BNY Mellon Seeks Bondholders' Vote In Real Estate Ch. 11

Law360, New York (August 30, 2011, 6:58 PM EDT) -- The Bank of New York Mellon Trust Co. NA objected to real estate venture South Edge LLC's reorganization plan Monday, saying holders of $97.7 million in bonds issued by a Nevada city should be allowed to vote on the plan because it only provides a $74.4 million recovery.

BNY Mellon, the indenture trustee for holders of the bonds issued by Henderson, Nev., was one of three groups to file objections to South Edge's disclosure statement in Nevada bankruptcy court. Also filing objections were two of the...
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