Fund Wants To File Competing Plan In NYRA's Case

Law360, New York (November 16, 2007, 12:00 AM EST) -- The judge overseeing the New York Racing Association's Chapter 11 proceedings has scheduled a Tuesday hearing to consider Plainfield Special Situations Master Fund Ltd.'s emergency motion to terminate the NYRA's exclusive right to maintain control of its reorganization.

On Thursday, U.S. Bankruptcy Judge James M. Peck signed off on an order to show cause setting a Nov. 20 hearing on the fund's motion to terminate the period during which the NYRA has the exclusive right to solicit support for its restructuring plan, and during which competing...
To view the full article, register now.