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In re Calpine Corp.

The debtors, a group of related companies, filed for bankruptcy relief under chapter 11 of the United States Bankruptcy Code. The debtors submitted a proposed plan, discovery ensued, and a plan was confirmed. The objecting shareholders filed a motion for a limited stay pending appeal of the confirmation order and plan modification order.
Ruling: 
Stay pending appeal of confirmation order by holders of 5% of debtors' stock who did not participate in confirmation process denied.
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Commercial case opionion summary, case decided on January 24,2008, LexisNexis #0208-129