Friday, July 6, 2007

UPDATE 1-Rosetta Resources to fight Calpine lawsuit

(Reuters) - Calpine filed suit on June 29 in the same court where it
filed for bankruptcy - the U.S. Bankruptcy Court for the
Southern District of New York - accusing Houston-based Rosetta
of cheating when it bought Calpine's oil and gas assets.




Rosetta, a former unit of Calpine, acquired the assets in
July 2005 for $1.05 billion before Calpine declared bankruptcy
in December 2005.


Read more at Reuters.com Bonds News

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