Dynegy Holdings' Ch. 11 Plan Includes Parent's Wealth

Law360, New York (December 2, 2011, 9:01 PM EST) -- Energy company Dynegy Holdings LLC filed a reorganization plan Thursday that calls for parent company Dynegy Inc. — which is not bankrupt and has taken heat for allegedly hoarding valuable assets for itself in an out-of-court restructuring —  to share the wealth with disgruntled creditors.

The plan and disclosure statement, filed in New York, aim to settle a host of creditor disputes that have shadowed DH into bankruptcy. The plan would satisfy all unsecured claims against DH with a $400 million cash payment, $1 billion in...
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