Dynegy Coal Deal Flak Buried Stock, Investors Claim

Law360, New York (March 30, 2012, 12:06 PM EDT) -- Dynegy Inc. investors lashed out again Wednesday at the power company’s $1.7 billion prebankruptcy restructuring, alleging in a putative class action in New York that controversy surrounding a coal asset transfer caused “devastating” stock losses.

Shareholder Charles Silsby’s complaint in federal court also targets billionaire investor and major Dynegy equity holder Carl Icahn. Dynegy purchased coal-fired and gas-powered facilities from Dynegy Holdings LLC in September, shortly before placing the holding company into bankruptcy as part of a pact with investors to sort out more than $4...
To view the full article, register now.




Case Information

Case Title

Silsby v. Icahn et al

Case Number



New York Southern

Nature of Suit



John G. Koeltl

Date Filed

March 28, 2012

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.