I own several "Dynegy Inc Sr Nt 7.75%." They are currently in Chap 11 though the parent company, Dynegy is not. They were supposed to have a hearing regarding the confirmation of their reorganization plan on February 24, but this has been postponed twice is now set for March 12, 2012.The following may be what's behind the delay:http://www.smartmoney.com/news/on/?story=on-20120309-000530&...Dynegy Examiner: Asset Shuffle Was 'Fraudulent Transfer'NEW YORK -(Dow Jones)- A court-appointed examiner Friday said Dynegy Holdings LLC's board of directors breached its fiduciary duty when it transferred coal assets to its parent company before its bankruptcy filing, calling the shuffling a "fraudulent transfer" that shielded shareholders from losses but hurt other creditors. Would it surprise anyone that Carl Icahn is involved in this?Still, the current value of my bonds -- at least according to Etrade -- is slightly above what I bought in at. I'm not sure whether to expect the worst or to be optimistic. Anyone else holding Dynegy bonds?Also, for future reference, when researching this bond, I noted that the Etrade listed DYN as the origin of the bond. However, now, from looking at this and other articles, it appears the bonds were actually issued by a subsidiary of DYN -- Dynegy Holdings -- and not DYN itself. Hence, my initial assumption that DYN would back up the bonds with its assets was totally wrong. When bond-hunting, what do I have to do to avoid being blindsided like this again? Where can I go to read the 'fine print'? (Obviously, I have to take information from Etrade with a grain of salt from now on....)
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