Fraudulent Transfer Is The Bomb! Fallout From In Re Dynegy
December 4, 2012, 1:57 PM EST
Law360, New York (December 4, 2012, 1:57 PM EST) -- On Oct. 1, 2012, Dynegy Inc. (Dynegy) announced that it had emerged from Chapter 11 bankruptcy protection; mere weeks after Judge Cecelia G. Morris of the United States Bankruptcy Court for the Southern District of New York, Poughkeepsie Division, approved Dynegy and its wholly owned subsidiary, Dynegy Holdings LLC’s (Dynegy Holdings), joint Chapter 11 plan of reorganization.
Indeed, Dynegy had filed for Chapter 11 bankruptcy protection only three months earlier in June 2012. However, this seemingly swift exit from bankruptcy met with some challenge, particularly in...