October 21, 2016
Delaware Trust Co. has urged the U.S. Supreme Court to consider pairing its appeal from a disputed $4 billion Energy Future Holdings Co. bankruptcy refinancing deal with another closely watched case already granted certiorari and already tagged as a potential landmark for structured Chapter 11 settlements.
August 05, 2016
Delaware Trust Co., indenture trustee for a group of Energy Future Holdings Corp. notes, has asked the U.S. Supreme Court to review a Third Circuit decision that allowed the power giant to refinance $4 billion in first-lien debt via tender offer, which the trustee contends flouts Chapter 11 rules.
February 19, 2015
Bankrupt Energy Future Holdings Corp. can refinance $4 billion in debt via a tender offer, a Delaware district judge ruled on appeal on Thursday, shooting down the affected creditors' protests that they have to be treated equally and that the move could invite a Wild West of pre-confirmation settlements.
September 25, 2014
Energy Future Holdings Corp. senior bondholders urged an appellate judge on Tuesday to undo a settlement that partially repaid $4 billion in debt through a tender offer, arguing that such offers have no place in Chapter 11 proceedings.
July 23, 2014
Energy Future Holdings Corp. senior noteholders have been barred from fast-tracking their appeal of a settlement repaying $4 billion in first-lien bonds directly to the Third Circuit, a setback for their claim that the pact discriminates among similarly situated creditors.
June 11, 2014
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.