Judge Tosses Appeal In Global Power Case

Law360 (February 4, 2009, 12:00 AM EST) -- A district court judge has upheld a bankruptcy court's decision to overrule a limited objection to the Chapter 11 plan of gas turbine supplier Global Power Equipment Group Inc. filed by a European claimant over exchange rates.

In a decision Jan. 29, Judge Joseph J. Farnan Jr. of the U.S. District Court for the District of Delaware dismissed the appeal filed by Maasvlakte Energie BV over how the exchange rate of currency in its claim would be determined.

Maasvlakte appealed a decision by Judge Brendan Linehan...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.