We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Entergy's Unsecured Creditors Take Bold Step

Law360 (February 8, 2007, 12:00 AM EST) -- After presenting the bankruptcy court with a rival reorganization plan, the unsecured creditors committee of Entergy New Orleans has decided not to send its proposal out to creditors for a vote.

Earlier this week, the committee said that it had no intention to solicit votes for the plan from creditors, maintaining that the proposal does not impair any creditor classes.

U.S. Bankruptcy Judge Jerry Brown signed off on Entergy’s disclosure statement on Monday, but decided that it would be moot to approve the committee’s plan in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.