Dynegy Must Wait Till Ch. 11 Probe Complete: US Trustee

Law360, New York (February 13, 2012, 7:33 PM EST) -- Federal bankruptcy watchdogs on Friday cautioned a New York bankruptcy court not to allow Dynegy Holdings LLC to move forward with its Chapter 11 plan until after the court-appointed examiner finishes his probe into the company's $1.7 billion prebankruptcy restructuring.

U.S. Trustee Tracy Hope Davis objected to a move by the power plant operator to try to win approval of its disclosure statement — which is supposed to describe key terms of the plan that Dynegy hopes will allow it to exit bankruptcy — two weeks...
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