July 11, 2014
The trustee for second-lien noteholders owed $1.6 billion in the Energy Future Holdings Corp. bankruptcy is pressing ahead with plans to scrutinize the debtors' counsel Kirkland & Ellis LLP and Sidley Austin LLP over any past ties with the equity holders that bought out the energy giant in 2007, according to court papers filed Friday.
July 09, 2014
Bankrupt power giant Energy Future Holdings Corp. has postponed a contested hearing over a $1.9 billion debtor-in-possession facility and a related settlement previously slated to resume Thursday, as well as consideration of a plan support agreement scheduled for next week, saying it needs time to consider comments from the court and other issues.
July 08, 2014
Creditors of Energy Future Holdings Corp. on Tuesday complained that the Texas power giant has been slacking in its production of documents surrounding its bankruptcy, saying Energy Future needs to pick up the pace so creditors have enough time to evaluate their potential claims.
June 30, 2014
Power giant Energy Future Holdings Corp. urged a Delaware bankruptcy judge on Monday to bless a $1.9 billion debtor-in-possession facility and a settlement with junior noteholders, drawing fire from an array of creditors involved in the mammoth Chapter 11 case.
June 26, 2014
Senior noteholders of Energy Future Holdings Corp. urged a Delaware bankruptcy judge on Wednesday to fast-track their appeal of a settlement that repaid $4 billion in first-lien bonds, saying the "unprecedented" structure of the power giant's deal required prompt handling by the Third Circuit.
June 24, 2014
A group of unsecured noteholders of Energy Future Holdings Corp. on Tuesday urged a New York bankruptcy judge to reject the power company's request for approval of a $1.9 billion debtor-in-possession facility to pay off second-lien notes issued by a subsidiary, arguing the plan vastly undervalues the debtors.
June 23, 2014
Senior bondholders of an Energy Future Holdings Inc. affiliate on Friday filed papers contending that junior bondholders cannot be paid out of the senior group's collateral proceeds unless the senior bondholders receive $432.4 million they say they are owed.
June 17, 2014
Junior bondholders of Energy Future Holdings Corp. launched an adversary suit in Delaware bankruptcy court Monday claiming the power company's plan to refinance nearly $2.2 billion in notes entitles them hundreds of millions of dollars in make-whole payments.
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.
June 10, 2014
Electricity giant Energy Future Holdings Corp. asked a Delaware bankruptcy court on Monday to approve an $11.3 million settlement between its Texas subsidiary, TXU Energy Retail Company LLC, and the Texas comptroller, saying the settlement would boost strained customer relations and prevent future litigation over the company's tax credit claims.