Carolina Panthers owner David Tepper’s bankrupt real estate development firm won approval to solicit creditor votes on a plan tied to the company’s canceled project to build a new practice facility and headquarters for the NFL team.
GT Real Estate Holdings LLC’s plan to repay contractors and creditors by creating a $60 million settlement trust and restore the unfinished construction site in Rock Hill, South Carolina can proceed to a creditor vote, Judge Karen B. Owens of the US Bankruptcy Court for the District of Delaware ruled during a hearing Monday.
The company still faces legal disputes related to claims ...