Raser Creditor Looks To Offer Competing Ch. 11 Plan

Law360, New York (July 25, 2011, 4:34 PM EDT) -- The chief creditor of a stalled geothermal power plant in New Mexico urged a Delaware bankruptcy judge on Monday to let it introduce a Chapter 11 plan to rival debtor Raser Technologies Inc.’s own proposal and stave off foreclosure.

Evergreen-FE Lightning Dock LLC asked U.S. Bankruptcy Judge Kevin Carey to terminate Raser's exclusivity period and open the door to a competing plan for the Lightning Dock geothermal plant that it claims is vastly preferable to the debtor’s “unconfirmable” plan.

“FE-Evergreen is prepared to propose a plan...
To view the full article, register now.




Case Information

Case Title

Raser Technologies, Inc.

Case Number




Nature of Suit

Date Filed

April 29, 2011

Law Firms


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.