Dynegy Tears Into Examiner Over Coal Transfer Rebuke

Law360, New York (March 16, 2012, 4:10 PM EDT) -- Power company Dynegy Inc. on Thursday denied claims it spurned creditors by purchasing valuable coal assets from a subsidiary it then placed into bankruptcy, saying a court-appointed examiner’s criticism of the deal was clouded by “advocacy.”

Dynegy questioned the findings in a March 9 report by examiner Susheel Kirpalani of Quinn Emanuel Urquhart & Sullivan LLP, who was appointed by a New York judge to probe the $1.7 billion prebankruptcy restructuring of Dynegy Holdings and four other Dynegy units. The companies sought court protection in November...
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