Boston Generating Dodges Hundreds Of Ch. 11 Claims

Law360, New York (April 26, 2011, 1:44 PM EDT) -- A New York bankruptcy judge overseeing the Chapter 11 liquidation of Boston Generating LLC on Monday brushed aside hundreds of claims from the parent company’s executives and creditors like an Exxon Mobil Corp. unit and Chartis Group.

The judge approved Boston Generating’s omnibus objections to roughly 225 claims, reclassifying claims worth millions of dollars as general unsecured claims, which are not compensated under the power generating company’s liquidation plan.

Boston Generating and parent company EBH Holdings LLC, the owners and operators of three electric power generating...
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