La Paloma Generating Company, LLC
Case Number:
1:16-bk-12700
Court:
Nature of Suit:
Firms
- Brinkman Law Group
- Bryan Cave
- Burr & Forman
- Connolly Gallagher
- Curtis Mallet-Prevost
- Debevoise & Plimpton
- FisherBroyles
- Fox Rothschild
- Goldstein & McClintock
- GrayRobinson
- Greenberg Traurig
- Katten Muchin
- King & Spalding
- Klein DeNatale
- Latham & Watkins
- McCollom D'Emilio
- Miles & Stockbridge
- Morgan Lewis
- Morris James
- Nossaman LLP
- O'Melveny & Myers
- Pachulski Stang
- Richards Layton
- Robinson & Cole
- Stoel Rives
- Sullivan Hazeltine
- Tenaglia & Hunt
- White & Case
- Young Conaway
Companies
- Alstom SA
- Alvarez & Marsal Holdings LLC
- Bank of America Corp.
- Beal Bank USA
- Jefferies Financial Group Inc.
- Lexitas Legal
- NAES Corp.
- PG&E Corp.
- PricewaterhouseCoopers LLP
- The Bank of New York Mellon Corp.
- Truist Financial Corp.
Government Agencies
Sectors & Industries:
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January 09, 2018
La Paloma Judge Won't Stay Order Scotching Enviro Liability
A Delaware bankruptcy judge declined Tuesday to stay his decision that La Paloma Generating Co. LLC's buyer, senior creditor LNV Corp., is not on the hook for roughly $60 million in environmental costs under California's "cap-and-trade" program while regulators appeal, ruling that the state's chances for a successful challenge were slim.
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November 29, 2017
La Paloma's Ch. 11 Buyer Fights Calif. Air Board's Appeal Bid
La Paloma Generating Co. LLC's buyer and senior creditor LNV Corp. late Tuesday opposed California regulators' efforts to halt pending appeal the Delaware bankruptcy court's decision taking the purchaser off the hook for roughly $60 million in environmental liability, arguing that the move ignores the mechanics of bankruptcy appeals.
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November 09, 2017
La Paloma Ch. 11 Buyer Ruled Not Liable For Enviro Costs
A Delaware bankruptcy judge said Thursday that La Paloma Generating Co. LLC's buyer, senior creditor LNV Corp., does not have successor liability for what was estimated at $63 million in environmental costs under California's "cap-and-trade" program, ruling that the regulation itself doesn't permit it.
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November 06, 2017
La Paloma Creditors Spar Over Ch. 11 Plan Proceeds
A long-running fight over how money should be distributed from power station owner La Paloma Generating Co. LLC's confirmed Chapter 11 plan continued Monday in Delaware bankruptcy court, with first- and second-lien creditors having nearly opposite interpretations of how a prepetition intercreditor agreement affects their recoveries.
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October 31, 2017
Fight Over La Paloma Ch. 11 Plan Distribution Continues
Second-lien lenders of bankrupt power station owner La Paloma Generating Co. LLC objected Tuesday in Delaware to a motion from senior lenders to enforce a prepetition intercreditor agreement and direct plan distributions to them.
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October 30, 2017
La Paloma Plan Confirmed Over Jr. Creditor Objections
The Chapter 11 plan of bankrupt power station owner La Paloma Generating Co. LLC received court approval Monday in Delaware over the objection of junior creditors who claimed the plan and a settlement with senior creditors were unfair.
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October 26, 2017
La Paloma Senior Creditors Defend Ch. 11 Plan Proposal
The senior secured creditors of bankrupt power station owner La Paloma Generating Co. LLC defended the company's proposed Chapter 11 plan Thursday in Delaware court, saying it worked hard to steer the case toward a confirmable plan while junior creditors sat idle.
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October 25, 2017
La Paloma Creditors Call Ch. 11 Plan Recoveries Unfair
A group of second-lien creditors objected Tuesday in Delaware to the proposed Chapter 11 plan of power station owner La Paloma Generating Co. LLC, calling the plan unconfirmable and saying the recoveries proposed for unsecured creditors are not enough.
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October 12, 2017
O'Melveny Defends $2.5M Fee Bid In La Paloma Ch. 11
O'Melveny & Myers LLP defended its roughly $2.5 million fee bid for the La Paloma Generating Co. LLC Chapter 11 in Delaware bankruptcy court Thursday against criticism from the power producer's senior creditor, arguing that the lender is asking the firm to "roll over and play dead."
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October 05, 2017
La Paloma Junior Lenders Say They Should Keep Recoveries
The second-lien secured creditors of bankrupt power station operator La Paloma Generating Co. LLC on Wednesday urged the judge overseeing the Chapter 11 case to let them keep some recoveries they've made, arguing that an intercreditor agreement allows them to do so before the senior lenders are paid in full.