Enron Corp. v. The New Power Co. (In re The New Power Co.)
Feb
03
2006
Ruling
Chapter 11 plan confirmation was affirmed since the modifications in the second amended plan were not material and adverse to the creditor's interests and, thus, the court could reasonably consider the creditor's vote in favor of the first amended plan as a vote for the second amended plan.
Procedural posture
Plaintiff, holder of an equity interest in debtor, challenged the District Court for the Northern District of Georgia's affirmance of the bankruptcy court's confirmation of the Second Amended Plan ("SAP") submitted by defendants, debtor, et al., in their chapter 11 reorganization.
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