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Request For Examiner Denied In GB Holdings Bankruptcy

Law360 (April 11, 2006, 12:00 AM EDT) -- A bid by minority shareholders of Carl Icahn’s GB Holdings Inc. to have an examiner appointed in the company’s bankruptcy has been denied by a federal bankruptcy judge.

New Jersey Bankruptcy Court Judge Judith H. Wizmur refused the request made by Robino Stortini Holdings LLC, which controls about 16% of the company’s shares.

Robino Stortini had asked the court to allow an examiner to scrutinize a series of deals that allowed GB Holdings to transfer ownership of the Sands Casino Hotel to another of Icahn’s companies,...
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