Bankrupt Mont. Power Co-Op's Trustee Removed By Judge

Law360, New York (November 27, 2013, 8:14 PM ET) -- A Montana bankruptcy judge on Tuesday removed the trustee for a Montana power co-op, saying changed circumstances, such as agreement among the co-op’s members on a liquidation plan, eliminate the need for a trustee.

U.S. Bankruptcy Judge Ralph Kirscher removed Lee Allen Freeman as the Chapter 11 trustee for Southern Montana Electric Generation & Transmission Cooperative Inc., granting a motion by one of the co-op member creditors, Fergus Electric Cooperative Inc., in a move that could lead to liquidation of the power co-op's assets.

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