Revel Casino Owner Seeks to Disband Creditor Committee
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Revel AC Inc., an Atlantic City, New Jersey, casino owner trying to exit bankruptcy next month, asked a judge to disband an official committee of unsecured creditors, calling its potential oversight unnecessary.
The committee, known as the OCUC, should be disbanded because it has only one member left after two others resigned, Revel said in court papers filed this morning in U.S. Bankruptcy court in Camden, New Jersey. The company also said it expects a court to confirm its reorganization plan in about three weeks.