Bankruptcy Judge Cecilia G. Morris on Friday turned down hedge-fund manager Claren Road Asset Management's demand for unfettered public access to all of a scathing examiner's report into Dynegy Holdings LLC's pre-bankruptcy dealings, saying that the desire for public access were outweighed by Dynegy management's needs of confidentiality, Dow Jones Newswires reported on Friday. While reading her ruling, Judge Morris repeatedly capped sentences with the phrase "at this time," echoing arguments by Dynegy lawyers that full public access--if deemed necessary--could be determined at a later date. Independent examiner Susheel Kirpalani's report, released in March, denounced Dynegy Holding's transfer of its coal assets before its bankruptcy proceedings to publicly traded parent Dynegy Inc. His findings threw Dynegy Holdings' already contentious chapter 11 case into more disarray but, after mediation sessions with Kirpalani himself, the company last month disclosed a deal with most objecting groups to shift the coal assets back to creditors.
