OTHER NEWS - Sept. 23, 1993
From Times Staff and Wire Reports
Del Taco Files Reorganization Plan: The fast-food chain proposed turning over all of its common stock to General Electric Capital, its main creditor. The plan, which must be approved by creditors and a U.S. Bankruptcy Court judge in Santa Ana, would allow GE Capital to appoint two of the Costa Mesa-based company’s three board members. The third director would be Del Taco President Kevin Moriarty, who holds about 16% of the common shares.
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