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Replies to post #361 on Dynegy Inc fka DYN
56Chevy
08/21/12 6:15 AM
#363 RE: Enterprising Investor #361
Dynegy Administrative Claim is a "settlement currency". The DAC "is not a distribution to shareholders on acount of their equity, a distribution of based on enterprise value or a distribution under the plan". It is paid by the DH estate to the DI estate in order to settle any holdup value that DI would have in prosecuting potential claims and causes of action againts DI in connection with pre-petition restructurings.