Seeking millions in unsecured claims resulting from the breach of gas transportation contracts in bankruptcy court normally would have involved a protracted and costly trial for our clients. We had other ideas.
Elrod played a key role in the Calpine Bankruptcy, one of the largest in U.S. history. Calpine breached long-term contracts with our clients for the transportation of natural gas, and our client suffered millions of dollars in damages.
Using a flurry of depositions around the country and the bankruptcy court's short deadlines to our advantage, we built a strong case on behalf of our gas pipeline company clients. We also gained critical leverage that reduced the case from years of litigation to resolution in merely months. The result: our clients saved significant time and money, and they obtained more than $400 million in settlements with Calpine.