Starion Loses Bid To Bar Mass. AG's $30M Fund Attachment

Law360, Wilmington (December 17, 2018, 10:07 PM EST) -- Bankrupt electricity retailer Starion Energy Inc. lost its bid for a Chapter 11 injunction against the Commonwealth of Massachusetts Monday after a Delaware judge said the debtor was not in danger of suffering irreparable harm if the state's attachment of $30 million owed to Starion were allowed to stand.

During a hearing in Wilmington, U.S. Bankruptcy Judge Mary F. Walrath said Starion had reported in its own financial projections that it had $1.5 million in cash available before making an interim draw of $3 million on its debtor-in-possession financing package, giving it plenty of liquidity to operate in the near term...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!