PSEG Units Fight Dynegy’s $2B Restructuring Deal

Law360, New York (August 1, 2011, 2:24 PM EDT) -- Two Public Service Enterprise Group Inc. subsidiaries on Sunday appealed the Delaware Chancery Court’s refusal to block Dynegy Holdings Inc.’s $1.7 billion restructuring plan, saying they were deprived of discovery in their fight against the deal.

Roseton OL LLC and Danskammer OL LLC also filed for an injunction against the restructuring pending the interlocutory appeal, arguing that they had presented a strong chance of success on the merits of their claims.

The plaintiffs were denied a temporary restraining order Friday against the deal, which they say...
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