Alliant Resources Sued Over Bond Contract Default

Law360 (September 8, 2008, 12:00 AM EDT) -- Alliant Energy Corp. subsidiary Alliant Energy Resources Inc. has been sued by its indenture trustee, who claims that Alliant Resources breached an indenture with investors by improperly selling off more than $1.2 billion in assets and fundamentally altering the nature of its business.

U.S. Bank National Association filed the suit in its capacity as indenture trustee on Thursday in the U.S. District Court for the District of Minnesota, alleging that Alliant Resources violated the “successor obligor” clause of its indenture with investors who poured $402.5 million...
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