A U.S. bankruptcy judge last week ruled the steering committee’s move to recover all professional fees incurred by the Las Vegas entities in Tropicana Entertainment’s Chapter 11 case was inconsistent with plans submitted by both debtor groups and confirmed by the court.
U.S. Bankruptcy Judge Kevin J. Carey of the District of Delaware on Dec. 30, 2014, split the responsibility for millions of dollars in fees, with the steering committee of lenders to Tropicana—referred to as the OpCo debtors—picking up 75 percent of the bill. The Tropicana Las Vegas entities, or the LandCo debtors in the decision, were responsible for the remaining 25 percent.
