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.

It "is...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers