Victoria Station announced that a plan of...

Victoria Station announced that a plan of reorganization submitted by Victoria Station Acquisition Corp. has been confirmed by the U.S. Bankruptcy Court in San Francisco. Under terms of the plan, Victoria Station Acquisition Corp. (an unaffiliated investor group), will contribute about $6.5 million in cash for the distribution to the firm’s secured and unsecured creditors and will assume up to $1 million in tax liabilities in exchange for substantially all of the company’s assets. In addition, the acquiring company will issue preferred stock having a liquidation preference of $1 million for distribution to the company’s unsecured creditors. Unsecured creditors of the Larkspur, Calif.-based restaurant chain will also receive 10% of the common stock of the acquiring company as well as certain cash proceeds in an amount not yet determined.