Delaware Bankruptcy Court Declines to Compel Six Flags Noteholder Group to Disclose the Amounts of Their Claims and Prices Paid for Such Claims

19 January 2010
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This client memo discusses a recent ruling in the Chapter 11 proceedings of Six Flags, Inc. and its affiliates in the Delaware which holds that a group of holders of notes issued by a subsidiary of Six Flags is not a committee within the meaning of Bankruptcy Rule 2019 and therefore need not disclose the claims or interests owned by the members of the group, the time of acquisition of these claims or interests or the prices paid for the claims or interests.