U.S. Justice Department Objects To Latest FirstEnergy Solutions Bankruptcy Exit Plan
August 06,2019
The United States Department of Justice has filed an objection to the latest restructuring plan of FirstEnergy Solutions, as the DOJ said that, "the Sixth
Amended Plan cannot be confirmed because it improperly enjoins the United States’ claims
against non-Debtors through overly broad exculpations and improperly forces the United States
into a non-consensual 'settlement."
While not specifically related to FES's retail business, continued objections by DOJ and other parties to the latest plan may further prolong FES's exit from bankruptcy and ultimate disposition of the retail business