We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge OKs Calpine Agreement With HSBC

Law360 (October 12, 2007, 12:00 AM EDT) -- A judge signed off on a settlement between bankrupt energy company Calpine Corp. and HSBC Bank, ending a battle over nearly $110 million in claims.

Judge Burton Lifland of the U.S. Bankruptcy Court of the Southern District of New York said in an order Wednesday that the agreement that shifted the disputed claim to an unsecured claim of about $54 million was a fair, prudent and reasonable compromise that took into account the complexity of the litigation, among other things.

HSBC filed claims in July 2006...
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.