General Growth Key Employees to Get $181.5MM Payments

FAIRLESS HILLS, Pa. -- Key employees at General Growth Properties, Inc., will receive payments totaling $181.5 million and other bonuses as reward for their work resulting to the Company's emergence from bankruptcy.

More news on General Growth's case, including the resolution of Moelis & Company LLC's $9.5 million claim, are available for free at GENERAL GROWTH Bankruptcy News, Issue No. 82 published by Bankruptcy Creditors' Service, Inc.

The 23-page newsletter contains stories with these headlines:

[01294] KEY EMPLOYEES AT GGP RECEIVE $181.5-MIL. & OTHER BONUSES

[01295] NEW GGP TO HOLD ANNUAL MEETING OF STOCKHOLDERS APRIL 27

[01296] GGP'S MOTION FOR FINAL DECREE TO CLOSE 382 CH. 11 CASES

[01297] DEBTORS OBJECT TO WILMINGTON TRUST'S REQUEST FOR FEES

[01298] COURT DENIES MOELIS'S MOTION TO REMAND LAWSUIT VS. WTC

[01299] DEBTORS' NOTICE OF LITIGATION OF CLAIMS WORTH $319.9-MIL.

[01300] DEBTORS' 34TH OMNIBUS OBJECTION TO CLAIMS

[01301] DEBTORS' 66TH TO 70TH OMNIBUS OBJECTIONS TO CLAIMS

[01302] DEBTORS' 76TH TO 79TH OMNIBUS OBJECTIONS TO CLAIMS

[01303] DEBTORS' 85TH TO 88TH OMNIBUS OBJECTIONS TO CLAIMS

[01304] CLARK PACIFIC'S MOTION TO ALLOW $335,500 ADMIN. CLAIM

[01305] NEW GGP TO COMMENCE $1.7-BIL. OFFERING OF COMMON STOCK

[01306] NEW GGP TO ISSUE 13-MIL. SHARES OF COMMON STOCK

[01307] NEW GGP REGISTERS COMMON STOCK SHARES TO DIVIDEND PLAN

[01308] GENGROWTH SIGNS LEASE AGREEMENT WITH NORTHWESTERN MUTUAL

[01309] FITCH DOWNGRADES 11 CLASSES OF $2.17-BIL. CMBS LOAN

[01310] NORDSTROM & CARUSO DISCLOSE PLANS FOR NEW GLENDALE STORE

A copy of today's newsletter can be purchased on-line with a major credit card at <a href="https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH">https://ecommerce.bankrupt.com/bin/ibl_re?co_name=GENERAL|GROWTH</a> for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

GENERAL GROWTH BANKRUPTCY NEWS tracks the restructuring of General Growth Properties Inc.

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GENERAL GROWTH BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail.  New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases.  The subscription rate is $45 per issue.  Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax.  Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions.  Subscriptions may be canceled at any time without further obligation.

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Company: Bankruptcy Creditors' Service, Inc. 

Contact: Peter A. Chapman 

Phone: (215) 945-7000 

Email: peter[@]bankrupt.com