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IN RE CALPINE CORP.

No. 08 Civ. 1286(VM).

390 B.R. 508 (2008)

In re CALPINE CORPORATION et al., Debtors. Compania International Financiera S.A. et al., Appellants, v. Calpine Corporation et al., Appellees.

United States District Court, S.D. New York.

June 9, 2008.

Attorney(s) appearing for the Case

Carl David Lesueur, Kirkland & Ellis LLP, New York, NY, for Debtors.

DECISION AND ORDER

VICTOR MARRERO, District Judge.

Appellants Compania Internacional Financiera, S.A., Coudree Global Equities Fund, Standard Bank of London, and Leonardo Capital Fund SPC (collectively, "Compania Appellants"), holders of over 25 million shares of Calpine Corporation ("Calpine") common stock, appealed (the "Compania Appeal") the following orders of the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy...

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