Meritage Homes entities appeal South Edge plan confirmation ruling

By Caroline Salls

Pittsburgh, Nov. 10 - Meritage Homes of Nevada, Inc. and Meritage Homes Corp. have appealed the confirmation of the plan of reorganization filed for South Edge, LLC's Chapter 11 bankruptcy case by lender agent JPMorgan Chase Bank, NA and settling builders, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Nevada.

The plan was confirmed on Oct. 27.

South Edge is a joint venture between KB Home wholly owned subsidiary KB Home Nevada Inc. and a third-party property management firm.

An involuntary bankruptcy case was filed against South Edge on Dec. 9, 2010. The Chapter 11 case number is 10-32968.

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