Reliant Unit Loses Bid To Toss Breakup Fee Appeal

Law360, New York (December 10, 2008, 12:00 AM EST) -- Reliant Energy Channelview LP has lost its bid to dismiss Kelson Channelview LLC's appeal of two bankruptcy court decisions, one that would block a breakup fee payable to Kelson, and the other that approved the sale of Reliant's assets to a bidder other than Kelson.

While Reliant Energy Channelview argued that Kelson's challenge of the court decision to deny the breakup fee ruling in March was untimely, Judge Joseph Farnan Jr. of the U.S. District Court for the District of Delaware found that the order did...
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