GenOn Settles Investor Suits Over $1.7B NRG Merger

Law360, New York (October 25, 2012, 6:46 PM EDT) -- GenOn Energy Inc. said Thursday that it has tentatively settled shareholder class actions seeking to block its $1.7 billion merger with rival NRG Energy Inc., a deal that would create the largest independent power producer in the U.S.

GenOn said in an 8-K filing with the U.S. Securities and Exchange Commission that it had entered into memorandum of understanding Wednesday to settle eight suits consolidated in Delaware Chancery Court, in which the company will make several supplemental disclosures related to the merger.

If the parties reach...
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