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Talen Energy Supply

In this chapter 11 case, , in the United States Bankruptcy Court, for the Southern District of Texas, the firm represents the interests of the creditors' committee. The firm's involvement included issues of discovery from the debtors as well as various prepetition bond holders and secured lenders, in connection with litigation filed by the committee. Following commencement of litigation, the firm was instrumental negotiating a global settlement, reached following several days of court-approved mediation. In December, 2022, the bankruptcy court confirmed the debtors’ plan of reorganization (with an anticipated effective date in early 2023). Under the confirmed Plan, Michael D. Warner, a partner of the firm, was appointed the trustee under a trust created for the benefit of certain classes of general unsecured creditors.