Update: Station's Bankruptcy

Nancy Rapoport to Be Station Casinos Fee Examiner

Nancy B. Rapoport, a law professor at the University of Nevada, Las Vegas, was named this week to serve as the fee examiner in the reorganization of Station Casinos Inc.

The company’s Chapter 11 plan was approved by a confirmation order in August in U.S. Bankruptcy Court in Reno, Nevada. The hearing for final approval of professional fees won’t be held for several months, Rapoport said in an e-mail.

Rapoport previously served as the court’s expert in evaluating the fees in the reorganizations of Pilgrim’s Pride Corp. and Mirant Corp. Rapoport is an expert on ethical issues in bankruptcy cases.

For details of the Station Casinos plan, click here for the July 29 Bloomberg bankruptcy report.

Station Casinos filed under Chapter 11 in July 2009, with 13 properties in Las Vegas plus five joint ventures. It also operated casinos for American Indian tribes. Station’s debt resulted from a leveraged buyout in November 2007 by Feritta Colony Partners LLC.

The case is In Re Station Casinos Inc., 09-52477, U.S. Bankruptcy Court, District of Nevada (Reno).