In re Texas Rangers Baseball Partners

Confirmation denied pending modification to protect impaired lenders.
Procedural posture: 
The court posed questions pertinent to the confirmability of the prepackaged plan of reorganization of a chapter 11 debtor and invited interested parties to address those issues by briefs and at a hearing. The questions included whether under the plan either of the classes consisting of the Lenders or the equity owners were impaired within the meaning of 11 U.S.C.S. § 1124.
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Commercial case opionion summary, case decided on June 22,2010, LexisNexis #0910-129