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In re: Reliant Energy Channelview LP, No. 09-2074

By FindLaw Staff on January 15, 2010 1:59 PM

In Chapter 11 proceedings involving a bid for the debtors' largest asset, a power plant, bankruptcy court's denial of a bidder's request for disbursement of administrative expenses in the form of a break-up fee from the estate is affirmed as the court did not abuse its discretion when it concluded that an award of a break-up fee was not necessary to preserve the value of the estate. 

Read In re: Reliant Energy Channelview LP, No. 09-2074

Appellate Information

On Appeal from the United States District Court for the District of Delaware

Opinion Filed January 15, 2010

Judges

Before: Scirica, Chief Judge, Greenberg and Jordan, Circuit Judges

Opinion by Circuit Judge Greenberg

Counsel:

For Appellant:  Andrew K. Glenn, Kasowitz Benson Torres & Friedman

For Appellee:   Robert J. Stearn, Jr., Richards Layton & Finger

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