Dynegy Unit Can Seek Creditor Votes On Bankruptcy Plan

Law360, New York (July 2, 2012, 9:55 PM EDT) -- Dynegy Holdings LLC won approval Monday for its Chapter 11 disclosure statement, allowing the power supplier to begin soliciting creditors' votes on a reorganization plan proposing that parent Dynegy Inc. join it in New York bankruptcy court.

U.S. Bankruptcy Judge Cecelia G. Morris signed off on the statement following a Monday hearing, Dow Jones Newswires reported, after the company had worked out issues with the U.S. trustee.

U.S. Trustee Tracy Hope Davis had objected Wednesday to Dynegy Holdings' proposed plan to have nondebtor parent Dynegy Inc....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Dynegy Holdings, LLC


Case Number

4:11-bk-38111

Court

New York Southern

Nature of Suit

Date Filed

November 7, 2011

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.