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Court Refuses To Name GB Holdings Shareholder Panel

By Marius Meland ( March 27, 2006, 12:00 AM EST) -- A bankruptcy court denied the appointment of an official shareholder committee in the Chapter 11 case of GB Holdings Inc., the company that used to own the Sands Hotel and Casino in Atlantic City. The judge ruled Friday that it is unclear whether the Sands, after it pays $43.5 million in bond debt, will have anything left over for GB Holdings shareholders....

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