Six Flags noteholders not required to disclose claim information

By Caroline Salls

Pittsburgh, Jan. 20 - The members of Six Flags, Inc.'s informal noteholders committee will not have to disclose the amount of their claims against each of the Six Flags debtors, according to a ruling filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

"As the SFO noteholders informal committee does not represent any persons other than its members either by consent or operation of law, it is not a committee under Rule 2019 and, thus, its members need not make the disclosures required under the rule," judge Christopher S. Sontchi said in the ruling.

As previously reported, Six Flags' official committee of unsecured creditors asked the court in late December to force the noteholders to disclose the amount of each of their claims against each debtor, the dates those claims were acquired, the amounts paid for the claims and the dates and circumstances of any subsequent disposition of the claims.

The committee also asked the court to bar the noteholders from participating in Six Flags' bankruptcy case until they disclose the requested information.

Six Flags, a regional theme park company based in New York, filed for bankruptcy on June 13, 2009. Its Chapter 11 case number is 09-12019.

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