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Dewey Ranch Hockey unsecured creditors committee disbanded by trustee
By Lisa Kerner
Charlotte, N.C., Dec. 13 - Dewey Ranch Hockey, LLC's official committee of unsecured creditors has been disbanded by the U.S. trustee for the District of Arizona, according to a Monday filing with the U.S. Bankruptcy Court for the District of Arizona.
In November, the National Hockey League agreed to purchase the outstanding non-insider unsecured creditor claims.
Each of the members of the committee sold their claims to the NHL and are no longer qualified to represent the remaining unsecured creditors in the jointly administered cases, the filing said.
The trustee received no responses after soliciting the remaining unsecured class of creditors eligible to participate on the committee and, therefore, disbanded the committee.
Dewey Ranch Hockey, LLC, Arena Management Group, LLC, Coyotes Holdings, LLC and Coyotes Hockey, LLC are the owners of the Phoenix Coyotes NHL team. The owners filed for bankruptcy on May 5, 2009. Their Chapter 11 case number is 09-09488.
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