EBG Creditors Win OK To Appeal $1.1B Sale

Law360, New York (December 6, 2010, 3:49 PM EST) -- A group of creditors on Monday won permission to appeal Constellation Energy Group Inc.'s $1.1 billion purchase of bankrupt EBG Holdings LLC's power plant business assets directly to the U.S. Court of Appeals for the Second Circuit, but failed to secure a stay of the transaction.

Judge Shelley C. Chapman certified the appeal in a ruling from the bench in the U.S. Bankruptcy Court for the Southern District of New York but found just one of several arguments raised by the creditors to be an appropriate...
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