'American Idol' Producer Cleared For Exit From Ch. 11

Law360, New York (September 22, 2016, 3:42 PM EDT) -- A New York bankruptcy judge said Thursday he would approve CORE Entertainment’s plan for reorganizing its debt, clearing the way for the production company behind “American Idol” and “So You Think You Can Dance”  to exit Chapter 11.

The plan was approved after CORE’s attorney told U.S. Bankruptcy Judge Stuart Bernstein that the company resolved a dispute with “Idol” creator Simon Fuller who had objected to the reorganization strategy. Under the plan, CORE will allow Fuller a $6 million claim to satisfy obligations under a consulting...
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