A development in the Station Casinos Inc. bankruptcy case today may clear the way for the company to avoid continued litigation as it emerges from bankruptcy with the founding Fertitta family still in control.

Bondholders in the Station Casinos Inc. bankruptcy case have renewed their request that they be allowed to sue Station insiders over the 2007 deal that took the Las Vegas company private.

Platoons of attorneys in the Station Casinos Inc. bankruptcy case have more work to do as new objections are being filed in the Las Vegas company’s complex bankruptcy case.

Bondholders standing to lose $2.5 billion in the Station Casinos Inc. bankruptcy case moved Tuesday to delay the Las Vegas company’s auction process while they appeal a court ruling approving the bidding plan.

RENO – Bankruptcy Judge Gregg Zive ruled today that an informal committee of employees of Station Casinos Inc. has no standing to participate in Station’s bankruptcy proceedings.

Hearings resume Thursday on Station Casinos Inc.’s plan to reorganize, involving lenders foreclosing on some of Station’s Las Vegas casinos and hotels being auctioned off.

Station Casinos Inc. today said it lost $53.5 million in the first quarter as it spent $19.3 million on its bankruptcy reorganization. The loss compares to a loss in 2009’s fourth quarter of $33.7 million.

If the reorganization plan for bankrupt Station Casinos Inc. is approved and carried out, senior executives will be free to jump ship. And at a hearing in bankruptcy court in Reno, it was revealed that the Wild Wild West hotel-casino was a money loser.

Operators and investors in a Henderson locals casino say they’re interested in acquiring some of the assets that Station Casinos Inc. plans to auction in its bankruptcy case.

Attorneys for Station Casinos Inc. of Las Vegas and its key lenders are defending the company’s bankruptcy reorganization plan, saying a group of five hotel-casinos won’t be at a competitive advantage to 13 more properties should the other 13 be picked up by another buyer.