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Published on 7/11/2005 in the Prospect News Distressed Debt Daily.

Hain Capital buys reduced $100,000 claim against Mirant

By Caroline Salls

Pittsburgh, July 12 - Hain Capital Opportunities, LLC bought a $100,000 claim from Dennis Goad and Marjorie Goad against Mirant Corp.

The original Goad claim was for $70 million, but the claim was reduced to $100,000 in a June 1 settlement.

Mirant, an Atlanta-based power company, filed for bankruptcy on July 14, 2003 in the U.S. Bankruptcy Court for the Northern District of Texas. Its Chapter 11 case number is 03-46590.


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