While lawyers tried to cut deals in the hallway, Energy Future Holdings Corp. battled in court on Wednesday in a bid to defeat bondholder demands for some $460 million in interest, Dow Jones Daily Bankruptcy Review reported today. Slightly more than half of the investors who own a $1.6 billion issue of Energy Future bonds have agreed to a settlement that gives them about 60 percent of the interest they claim they are owed. If the court fight plays out, the settlement could be a better deal for bondholders than Judge Christopher Sontchi will rule is appropriate. Energy Future, a Dallas-based electricity giant, filed for chapter 11 bankruptcy-court protection in April 2014 and is trying to clear away potential trouble spots before hearings start next week on its chapter 11 emergence plan.
