Dynegy Holdings Expects Parent To Join Its Ch. 11 Case

Law360, New York (June 20, 2012, 9:47 PM ET) -- Power supplier Dynegy Holdings LLC filed a supplement to its latest disclosure statement in New York bankruptcy court Monday that would pave the way for its nondebtor parent Dynegy Inc. to join its Chapter 11 proceedings, with the latter emerging as the surviving entity.

Dynegy Holdings filed a third amended statement and reorganization plan June 8, a week after U.S. Bankruptcy Judge Cecelia G. Morris approved a major settlement between the company and its unsecured creditors.

According to the motion supplement, while the new plan prepares...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required