Deutsche Bank To Get $34M In Calpine Bankruptcy

Law360, New York (January 7, 2008, 12:00 AM EST) -- After appointing his own valuation expert, a U.S. Bankruptcy Court for the Southern District of New York judge has allowed Deutsche Bank a general unsecured claim of more than $34 million in a Chapter 11 settlement against major power company Calpine Corp.

The multinational bank had claimed a little more than $35 million against Calpine in a complaint filed July 18, 2006.

The agreement will be presented at the court for approval on Jan. 24.

Calpine's plan of reorganization was confirmed on Dec. 19. The company...
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