Upset Grows Over Calpine Disclosure Statement
On Wednesday, Wilmington Trust Company expressed its disapproval regarding Calpine's recent disclosure statement, adding another note of discord to the din surrounding the proposed plan.
“This court should deny the Disclosure Statement Motion because the disclosure statement describes an unconfirmable plan,” the motion said. “The proposed plan states that the second lien debt claim is 'unimpaired'...
To view the full article, register now.