Pursuits
Six Flags, General Growth, Magna, TLC: Bankruptcy
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The creditors’ committee for theme-park operator Six Flags Inc. filed a motion yesterday proposing that the bankruptcy judge order the warring factions into mediation before they embark on a contested two-week confirmation scheduled to begin March 8.
The committee, which wants its mediation motion discussed at a hearing tomorrow, isn’t proposing a delay in the confirmation hearing. The committee, which is opposed to the company’s reorganization plan, proposes having the mediation begin “on an expedited basis.”