Texas energy retailer Entrust Energy Inc. won court approval to seek creditor votes on its plan to wind down in bankruptcy and create a trust to liquidate remaining assets, including a $175 million lawsuit against Shell Energy North America US LP.
Entrust, which filed Chapter 11 following the toll of February’s winter storm on the Texas power grid, won approval of its plan disclosure materials during a virtual hearing Wednesday in the U.S. Bankruptcy Court for the Southern District of Texas.
Judge Marvin Isgur conditionally approved a creditor vote after the company added details about how claims will be administered. ...
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