Gary Kaplan is quoted in an article about Calpine Corp. on TheDeal.com

Gary Kaplan is quoted in an article about Calpine Corp. on TheDeal.com

Gary Kaplan is quoted in a September 26, 2007, article, "Judge Approves Third Calpine Plan," on the U.S. Bankruptcy Court for the Southern District of New York's approval of Calpine's third amended plan limiting its shareholders' time to challenge the company's valuation.  Under the new plan, creditors are required to submit their votes by November 30, but Kaplan, who represents the equity committee, explains that "at the end of the day, the vote will be irrelevant because the debtors' business plan will be updated in early November and they will use that valuation for a cramdown.  The debtors should have already figured out what's in the plan instead of an ambush [of shareholders] in November for a December reorganization plan."  Kaplan's representation was also noted in Bloomberg and Reuters.

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