Energy Future Bondholders Urge Judge To Stall Key Deal

Law360, New York (June 11, 2014, 5:36 PM EDT) -- A group of Energy Future Holdings Corp. bondholders on Wednesday urged a Delaware federal judge to temporarily halt the implementation of a deal that the group says would allow other bondholders an unfair boost in recovery on their claims.

The first-lien bondholder group, represented by indenture trustee CSC Trust Co. of Delaware, argued in court papers that the deal should be stalled pending an appeal. CSC says the settlement allows certain bondholders to bring in substantially higher recoveries, even though the terms of those bonds are...
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