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

Lawmaker Sends TXU Allegations To State AG

Law360 (April 12, 2007, 12:00 AM EDT) -- Responding to allegations that TXU Corp. and the private equity firms vying to buy it may have acted illegally, a Texas legislator said he will send the case to the state attorney general for a deeper investigation.

The Texas Public Utility Commission on Tuesday alerted state Rep. Phil King to potentially shady activity by TXU and the companies hoping to take it over, Kohlberg Kravis Roberts & Co. and Texas Pacific Group.

On Wednesday, King, chair of the House Regulated Industries Committee, said there didn’t appear...
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.