Bankruptcy court OK's Six Flags New Orleans settlement deal

Posted | Contributed by Chitown

A settlement over Six Flags Inc.'s lease with New Orleans for the site of the defunct Six Flags New Orleans theme park was approved Thursday by a federal bankruptcy judge in Delaware. Six Flags will pay the city $3 million and 25 percent of any insurance proceeds Six Flags recovers from Hurricane Katrina damage above $65 million.

Read more from AP via Forbes.

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