Dynegy Denies Lying About Prebankruptcy Coal Deal

Law360, New York (March 20, 2014, 8:18 PM EDT) -- Attorneys for Dynegy Inc. told a New York federal judge on Thursday that the company never lied or omitted material information about a 2011 coal deal that an examiner who was appointed to investigate the company’s prebankruptcy restructuring later called a fraudulent transfer.

Dynegy purchased coal-fired and gas-powered facilities from Dynegy Holdings LLC in September 2011, shortly before placing the holding company into bankruptcy as part of a pact with investors to sort out more than $4 billion in debt. As part of the transfer, Dynegy...
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