Creditors Help Calpine Against Pension Fund Claims

Law360, New York (November 7, 2007, 12:00 AM EST) -- The creditor and shareholder committees in Calpine Corp.'s bankruptcy case filed joinders on Tuesday seeking to throw out a pension fund's $60 million proof of claim for alleged securities violations.

In court documents filed with the U.S. Bankruptcy Court for the Southern District of New York, the official committee of unsecured creditors and the official committee of equity security holders said the claim, brought by the Hawaii Structural Ironworkers Pension Fund, should be disallowed in its entirety.

The joinders added to a motion filed this August...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.