CORRECTED: Fontainebleau Judge Skeptical About Settlement Bar Order

Law360, New York (July 11, 2014, 7:24 PM EDT) -- The Florida bankruptcy judge overseeing the case of the failed $2.9 billion Fontainebleau Las Vegas casino and resort expressed skepticism Friday about a settlement that would partly bar term lenders from pursuing future prosecution.

U.S. Bankruptcy Judge A. Jay Cristol said he approved of much of the Chapter 7 trustee's proposed settlement — which would in part give $83.3 million to creditors who took losses and waive $676 million worth of claims against bankruptcy estates — but did not at present approve of the settlement's attached...
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