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  • MIRANT, CREDITOR'S COMMITTEE FILE $2 BILLION-PLUS LAWSUIT AGAINST SOUTHERN CO. FOR SPINOFF ACTIONS

    06/16/2005 9:02:02 PM PDT · by MeneMeneTekelUpharsin · 1 replies · 278+ views
    Yahoo Finance ^ | 16 June 2005
    ATLANTA, June 16 /PRNewswire/ -- Mirant Corp. (MIRKQ) and the Official Committee of Unsecured Creditors of Mirant Corp. (the "Mirant Corp. Committee") in its bankruptcy proceeding announced that they have filed a lawsuit against Mirant's former parent company, Southern Company (NYSE: SO - News), seeking recovery of at least $2 billion in connection with transfers made to Southern prior to Southern's spin-off of Mirant in April 2001. The lawsuit was filed in the U.S. Bankruptcy Court for the Northern District of Texas, in Ft. Worth, where Mirant's Chapter 11 reorganization case is being heard by the Honorable Judge D. Michael...