Friday, August 28, 2009

Creditors probe deal that took Station private

A group of creditors in the Station Casinos Inc. bankruptcy case revealed Wednesday it's investigating the 2007 deal in which the Las Vegas company was taken private -- a deal the creditors say involved questionable terms that now threaten recovery of funds by the creditors.
Attorneys for the Official Committee of Unsecured Creditors made the revelation in a motion objecting to plans by Station and some of its bank lenders to spend cash during the bankruptcy process.

Read more:
http://www.lasvegassun.com/news/2009/aug/27/creditors-probe-deal-took-station-private/

0 comments:

Post a Comment