FirstEnergy Solutions – Court Refuses to Approve Disclosure Statement, Cites Releases as Rendering Plan "Patently Unconfirmable" | Daily Bankrupt Company Updates | Bankrupt Company News

FirstEnergy Solutions – Court Refuses to Approve Disclosure Statement, Cites Releases as Rendering Plan "Patently Unconfirmable" | Daily Bankrupt Company Updates | Bankrupt Company News: April 11, 2019 – The Court hearing the FirstEnergy Solutions Corp ("FES") cases issued an order denying the Debtors' motion requesting approval of their Disclosure Statement [Docket No. 2500]. The Court's order states, "Due to the breadth and ambiguity of the nonconsensual third-party releases proposed in Section VIII.E. of the Plan, the Court concludes that...Continue reading