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.