(July 18) – Lawyers for Energy Future Holdings Corp. told a bankruptcy judge in Delaware today that the Dallas power company may abandoned its pre-negotiated restructuring and reorganization plan it proposed when it filed for Chapter 11 in April, according to Bloomberg News.
Edward Sassower, a partner at Kirkland & Ellis, told U.S. Bankruptcy Judge Christopher Sontchi at a hearing Friday that his client, EFH, will likely file papers in the next week to announce the original plan is dead or is being modified.
To read the full Bloomberg article, go to http://www.businessweek.com/news/2014-07-18/EFH.