Hedge Fund Elliott Management Seeks To File Own Reorganization Plan For Energy Future Holdings
May 12,2017
Hedge fund Elliott Management has filed a suit to present its own bankruptcy exit plan for Energy Future Holdings, in the wake of the failure of NextEra Energy's purchase of Oncor to win regulatory approval
Elliott Management, EFH's largest creditor, seeks to convert its EFH debt into equity, putting Oncor under Elliott's control, Reuters reports
