Calpine, Trustee Resolve Conflict-of-Interest Dispute

Law360, New York (October 19, 2007, 12:00 AM EDT) -- The federal official overseeing Calpine Corp.'s Chapter 11 proceedings has dropped her objections to the bankrupt energy company's retention of an adviser whose officer allegedly also served as a Calpine officer for roughly a month.

An attorney for U.S. Trustee Diana G. Adams filed a notice of resolution Thursday in the U.S. Bankruptcy Court for the Southern District of New York, announcing that Adams's prior motion to disqualify PA Consulting Group Inc. from advising Calpine and to compel the disgorgement of some of PA's fees had...
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