The Daily Docket: Energy Future Still Hiring Advisers

12/30/14
The TXU Monticello Steam Electric Station power plant near Mount Pleasant, Texas, in February 2007. Energy Future Holdings was formed when TXU was taken over in 2007.
Mike Stone/Reuters

Energy Future Holdings Corp. expected to be well on its way out of bankruptcy by now, when it filed for Chapter 11 protection in April hoping to implement a restructuring deal struck with some of its leading creditors, but it is still hiring advisers. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit our homepage, scroll to the bottom and click “try for free.”)

Regenerative-medicine company Tengion Inc. filed for Chapter 7 bankruptcy liquidation, the Winston-Salem Journal reports.

Dendreon Corp. is moving toward an auction without a stalking horse, or lead bidder, Reuters reports.

Bloomberg reports that emerging-market distressed debt losses are the worst since 2008’s financial crisis.

DealBook looks at Morgan Stanley’s role in lending with New Century.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa

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