GenOn, NRG Settle Contract Suit Over Lehman Payment

Law360, New York (February 17, 2011, 2:17 PM EST) -- GenOn Energy Inc. predecessor RRI Energy Inc. has settled its $6.15 million contract suit against NRG Retail Inc. over a Lehman Brothers Commodity Services Inc. bankruptcy claim deducted from the price of a 2009 merger.

Justice Melvin L. Schweitzer granted summary judgment in an order filed Wednesday in New York State Supreme Court but did not provide details of the settlement.

RRI filed a lawsuit in July claiming NRG breached a 2009 merger contract by deducting money from its purchase price for of RRI's Reliant Energy...
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