A group of hedge funds is pushing to extract an extra $431 million from bankrupt Energy Future Holdings Corp., claiming they’re entitled to the money because the power company paid off its debt to them early, Bloomberg News reported yesterday. BlueMountain Capital Management LLC, Cyrus Capital Partners LP and Halcyon Asset Management LLC asked a federal judge yesterday to let them try to overturn Energy Future’s decision to refinance almost $3 billion in first-lien notes without paying them a “make-whole” premium. The hedge funds and other noteholders claim they should get the money to compensate them for lost interest.
