New Delaware Chapter 11 Filing – Starion Energy, Inc.

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Starion Energy, Inc., along with two subsidiaries and affiliates, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-12608).  Starion, headquartered in Middlebury, Connecticut, is a competitive retailer of electricity operating in eleven states.  According to the First Day Declaration, Starion has filed for chapter 11 relief because of a lack of working capital—litigation commenced against Starion by the Commonwealth of Massachusetts on October 15, 2018, has resulted in over $3.5 million of Starion’s funds being frozen pursuant to a preliminary injunction.  Starion has filed an petition for relief Adversary Complaint seeking turnover of the frozen funds.  No claims and noticing agent has been proposed. The cases have been assigned to the Honorable Mary F. Walrath.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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