Breitburn Energy Partners LP fka BBEPQ

[Gigi70]

Over and Out......
It is ridiculous to get bonuses during the BK. This is more than criminal!!!

"..said that there would be nothing left for shareholders"
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"Breitburn Energy Partners (OTCPK:BBEPQ) gets bankruptcy court approval on a $9.5M bonus package for CEO Halbert Washburn and three other top executives.

The judge approved the plan over the protests of the U.S. Trustee, who says he has been besieged by shareholders complaining that BBEP’s bankruptcy threatens substantial portions of their life savings.

BBEP has not yet said how it plans to resolve its debts but has said that there would be nothing left for shareholders; a group disputing that contention is planning a court fight aimed at getting an official committee appointed to represent them in the company’s bankruptcy."


http://seekingalpha.com/news/3209190-breitburn-gets-bankruptcy-court-ok-9_5m-exec-bonus-package