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Dodgers disclosure approved

Updated: February 22, 2012, 3:24 PM ET
Associated Press

WILMINGTON, Del. -- A bankruptcy judge on Wednesday approved the disclosure statement outlining the Los Angeles Dodgers' proposed bankruptcy reorganization plan, keeping the team's plan for an April 30 sale on track.

Approval of the disclosure statement in a Chapter 11 case typically allows the process for soliciting votes from creditors to begin.

But in the Dodgers case, the only creditor allowed to vote on the plan is LA Partners LLC, the parent company of LA Holdco LLC. Holdco, ...

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