(Reuters) Hedge fund Elliott Management Corp filed a lawsuit against Energy Future Holdings Corp on Thursday, claiming that the bankrupt power company has prevented it from pursuing better options for it as its $18.7 billion deal with NextEra Energy Inc (NEE.N) falters.Energy Future’s plan to exit its three-year-long bankruptcy hinges on selling its majority stake in Oncor, Texas’ largest power distribution network, but that deal is in limbo since state regulators scuttled it over concerns it would not benefit ratepayers.
Elliott Sues Energy Future for Chance to Offer Bankruptcy Alternatives
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