Updates On Revel Atlantic City

Monday March 16,2015 : PARTIES IN REVEL DISPUTE ARE BACK AT THE NEGOTIATING TABLE (Update)
 
Judge Burns postpones today's hearing.
 
The Atlantic City bankruptcy court hearing scheduled for today (Monday) on the sale of the Revel complex has been postponed indefinitely.
 
The Associated Press news agency reports that Judge Gloria Burns agreed to the postponement after an approach from the interested parties requesting only a brief hearing regarding professional fees.
 
The main, and now postponed, hearing had been set to hear arguments pleading with the judge to reconsider her decision Friday not to approve the $82 million sale of Revel to Florida developer Glenn Straub.
 
Judge Burns was also due to hear representations from the Revel power supplier to be allowed to cut off power to the building on grounds of non-payment, and for the appointment of a bankruptcy trustee to liquidate the property