Wayne Newton Wants To Float Plan For Bankrupt Developer

Law360, New York (January 23, 2013, 1:17 PM EST) -- Singer Wayne Newton and his wife said Tuesday that they should get a chance to propose a reorganization plan for a developer who bought his Las Vegas mansion for $20 million with hopes of converting it into a museum, arguing the developer admits it will liquidate.

CSD LLC, which filed for bankruptcy in October after it became bogged down in litigation with the entertainer and ran into financial troubles, shouldn't get more time to file a reorganization plan because it has no viable options, Newton and...
To view the full article, register now.