Global Power Objects To More Than $200M In Claims

Law360, New York (August 30, 2007, 12:00 AM EDT) -- In its Chapter 11 case, power-plant equipment manufacturer Global Power Equipment Group Inc. is trying to fend off more than $200 million in claims submitted by several energy companies.

Global Power on Wednesday filed 10 objections in a Delaware federal bankruptcy court seeking to reduce or disallow the claims. The objections came a day after the manufacturing firm announced it had reached an agreement with its creditors committee on the terms of its reorganization plan.

Global Power filed objections to two General Electric Co. claims that...
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