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Expert Analysis

No Representation Without Designation

Law360, New York (January 7, 2015, 4:51 PM EST) -- In a recent decision by the Second Circuit, Lucas v. Dynegy Inc. (In re Dynegy Inc.), No. 13-2581 (2d. Cir. Oct. 31, 2014), the court held that a class representative of a district court securities litigation against a Chapter 11 debtor had no authority to act on behalf of the class in the debtor's bankruptcy proceedings, in this case by objecting to the debtor's plan and opting out of certain plan releases related to such litigation....

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