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Dynegy Sued Over Hidden 850 Million Loan
A shareholder lawsuit alleges Dynegy Inc hid an 850 million loan in an off balance sheet unit in 2000 to protect its credit rating as debt rose. The suit, led by the University of California, claims late disclosure misled investors, with UC losing about 113 million on Dynegy shares from 2000 to 2002. The company says it is reviewing the amended complaint.
MENTIONED IN THIS ARTICLE
Houston
Dynegy Inc
Citicorp
Toney
University of California
Dynegy
Houston Chronicle
U.S
John Sousa
University of California System