After two-plus years of fighting a $2 billion case between Southern Co. and representatives of former subsidiary Mirant, lawyers are acting a tad testy. Now in the closing stages of discovery, the case has spawned a barb-laden dispute over the 14-hour deposition of a witness for MC Asset Recovery, the group representing Mirant and its unsecured creditors who claim that Southern stripped Mirant of cash, saddled it with debt and spun it off, essentially propelling its progeny into a Chapter 11 reorganization.
December 07, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
After more than two years spent fighting a $2 billion case between the Southern Co. and representatives of its former subsidiary Mirant, the lawyers are getting a little testy.
Now in the closing stages of discovery, the case has spawned a dispute laden with barbs and attitude over the 14-hour deposition of a witness for MC Asset Recovery.
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