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Dynegy Fraudulently Shielded Assets
By: MarketMinute.com Stock News
Posted on March 09, 2012 at 17:56 PM EST

Court appointed bankruptcy examiner Susheel Kirpalani said that Dynegy Inc. (NYSE: DYN) subsidiary Dynegy Holdings fraudulently transferred its coal division to shield its assets before filing for bankruptcy. The stock price plummeted 42 cents to close at $0.76.



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