FirstEnergy Solutions sued for delaying sale hearing for $140 mln deal [Reuters]
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Source: Reuters
FirstEnergy Solutions sued for delaying sale hearing for $140 mln deal | Reuters 1 Min Read Exelon Corp has sued to compel FirstEnergy Solutions Corp to seek bankruptcy court approval as soon as possible to complete the $140 million sale of its retail power business, a deal the two power producers entered into over the summer. FirstEnergy Solutions has materially breached the sale agreement by “refusing to even conduct a sale hearing,” Exelon unit Exelon Generation Co LLC said on Monday in an adversary proceeding complaint in U.S. Bankruptcy Court in Akron, Ohio, where FirstEnergy Solutions filed for Chapter 11 protection in March. To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2Q17Xbf All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. FirstEnergy Solutions sued for delaying sale hearing for $140 mln deal Exelon Corp has sued to compel FirstEnergy Solutions Co
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