Rochelle's Daily Wire

ABI Exclusive

Third Circuit Resurrects an ‘Admin’ Claim When the Stalking Horse Had No Breakup Fee

The Third Circuit found loopholes in the purchase agreement permitting the buyer to assert an administrative claim, even though the breakup fee was disallowed.

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Opinion Link

Case Details

Case Citation

NextEra Energy Inc. v. Energy Future Holdings Corp. (In re Energy Future Holdings Corp.), 19-3492 (3d Cir. March 15, 2021)

Case Name

NextEra Energy Inc. v. Energy Future Holdings Corp. (In re Energy Future Holdings Corp.)

Case Type

Business
Court