- FRBP
In re Mirant Corp.
Aug
09
2006
Ruling
Settlement of complex litigation with power company approved as in best interests of estate.
Procedural posture
A chapter 11 debtor filed a motion, pursuant to Fed. R. Bankr. P. 9019, for an order approving a settlement agreement with a power company and for the assumption of a facility and capacity credit ("FCC") agreement from the cooperative. The objectors or holders of "Class 3" claims contested the motions.
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Court
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