Authors:Hugh M.
USA, Insolvency & Restructuring, Troutman Pepper, Employee Retirement Income Security Act 1974 (USA), Due diligence, Coronavirus, Title 11 of the US Code
On June 7, 2019, Judge Dennis Montali of the U.S. Bankruptcy Court of the Northern District of California San Francisco Division found that FERC’s finding that it had concurrent jurisdiction with the U.S. bankruptcy court over wholesale power agreements was “unenforceable in bankruptcy court and of no force on the parties before it.” Judge Montali further noted that if necessary, the U.S. bankruptcy court will “enjoin FERC from perpetuating its attempt to exercise power it wholly lacks.” At issue, on review by the bankruptcy court, was whether, pursuant to 28 U.S.C.
USA, California, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Troutman Pepper, Debtor