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IN RE GENON MID-ATLANTIC DEVELOPMENT, L.L.C.

No. 21-20557.

42 F.4th 523 (2022)

IN RE GENON MID-ATLANTIC DEVELOPMENT, L.L.C. Debtor, Natixis Funding Corporation, Appellant, v. GenOn Mid-Atlantic, L.L.C., Appellee.

United States Court of Appeals, Fifth Circuit.

FILED July 29, 2022.

Attorney(s) appearing for the Case

Mark R. Trachtenberg , Natasha Belle Breaux , Haynes & Boone, L.L.P., Houston, TX, Neil Stephen Binder , Binder & Schwartz, L.L.P., New York, NY, Daniel Luke Geyser, Esq. , Haynes & Boone, L.L.P., Dallas, TX, for Appellant.

Zack Allen Clement, Esq. , Houston, TX, Ravi Subramanian Shankar , Kirkland & Ellis, L.L.P., Chicago, IL, for Appellee.

Before Smith, Wiener, and Southwick, Circuit Judges.

GenMa is a power company that, long ago, leased two coal-fired power plants from the Lessors. To comply with those leases, GenMa paid NFC $130 million to insure the Lessors up to that sum if GenMa didn't pay rent. Too late, NFC realized it had promised the Lessors more than $130 million. The Lessors forced NFC...

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