Dynegy restructuring negative for bondholders, says KDP

Dynegy to set up two new operating subsidiaries, which will hold gas and coal assets of Dynegy

Comment by: Anonymous. Posted 12 years ago [2011-07-13 01:47:17]

Agree that this is terrible for existing bondholders. But why does the Dynegy Board not understand it will face a preferential transfer lawsuit if the bonds do default?