Dynegy Ch. 11 Judge Won't Appoint Equity Committee

Law360, New York (August 24, 2012, 4:26 PM EDT) -- A New York bankruptcy judge on Friday denied Dynegy Inc. shareholder Litespeed Management LLC's bid for the appointment of an official committee of noninsider equity holders, which it had argued was necessary to ensure fairness to shareholders in the case.

Chief U.S. Bankruptcy Judge Cecelia G. Morris denied the motion, which had faced objections by the U.S. trustee, the ad hoc senior noteholder committee, Dynegy and the the official committee of unsecured creditors, in a two-page order “after due deliberation, and good and sufficient cause appearing...
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.