Panda To Appeal $200M Claim Against Calpine

Law360, New York (August 20, 2008, 12:00 AM EDT) -- Panda Energy International Inc. will appeal a decision by a bankruptcy judge that denies the company's $200 million in claims against Calpine Corp. over contracts related to Panda power plants.

Panda will file its notice of appeal of the decision by the end of the week, an attorney for the company said Thursday. An attorney for Calpine could not immediately be reached for comment.

The decision, issued Aug. 4 by bankruptcy Judge Burton L. Lifland, said that Panda was not entitled to damages because its agreements...
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