Berkshire Hathaway Energy (BHE) and Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court separate objections to Elliott Funds’ motion to adjourn the hearing to consider the motion of EFH/Energy Future Intermediate Holdings (EFIH) merger agreement and related termination fee. BHE’s objection asserts, “The Movants are effectively seeking to prevent a hearing on the…

The U.S. Bankruptcy Court approved Nuverra Environmental Solutions’ Disclosure Statement and concurrently confirmed its Amended Prepackaged Chapter 11 Plan of Reorganization. According to documents filed with the Court, “Each Holder of Allowed 2018 Note Claims against the Nuverra Group Debtors shall receive, in full and final satisfaction of its Allowed 2018 Note Claims against the…

CGG Holding (U.S.) filed with the U.S. Bankruptcy Court a Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan is part of a comprehensive reorganization of the Company in France and the United States through plans approved (i) in the Safeguard and (ii) under chapter 11 of…

BankruptcyData’s detailed analysis and summary of Vanguard Natural Resources’ Modified Second Amended Joint Plan of Reorganization, dated July 17, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on July 18, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “The Plan provides for the reorganization of the Debtors as…

The U.S. Trustee assigned to the GenOn Energy case filed with the U.S. Bankruptcy Court an objection to the Company’s Disclosure Statement. The Trustee asserts, “The Plan does not satisfy the requirements of section 1129(a) of the Bankruptcy Code and is therefore un-confirmable. First, the Plan improperly provides broad third party releases, exculpations, and injunctions,…

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