Federal judge to determine GGP's direction

03/2/2010 | Reuters

General Growth Properties and Simon Property Group will be arguing for their separate visions of GGP's future before federal bankruptcy judge Allan Gropper on Wednesday. He could deny GGP's request for more time to reorganize, starting the clock on an auction for its assets. Alternatively, he could give General Growth everything it wants -- or give it a shorter extension than it is seeking.

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