Dynegy Inc. is an American electric company that owns and operates natural gas-fueled or coal-fueled power stations in the United States.

According to the Complaint filed on September 16, 2010, this action arises out of Defendants' violations of state law and §14(a) and §20(a) of the Securities Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule l4a-9 promulgated thereunder in connection with their attempts to sell Dynegy via an unfair process to Blackstone for $4.50 per share (the "Proposed Acquisition").

In pursuing the unlawful plan to solicit shareholder approval of their proposed sale of Dynegy, each of the Defendants violated applicable law by directly breaching and/or aiding other Defendants' breaches of their fiduciary duties of loyalty, due care, good faith and fair dealing. This action seeks to enjoin the Individual Defendants from further breaching their fiduciary duties in their pursuit of a sale of the Company to Blackstone at an unfair price and following an unfair and self-serving process.

On January 18, 2011, the Court issued two orders dismissing four of the Defendants from this action without prejudice.

On January 24, 2011, the Court issued an order to have the cases managed under the docket number 10-CV-3145. On February 28, pursuant to a Stipulation by the Parties, the Court dismissed this case.