How Sabine Oil Seized Control Of Bankruptcy Litigation
Law360, New York (November 6, 2015, 10:37 AM ET) -- Sabine Oil & Gas Corp. recently filed for bankruptcy. As is typical, on the first day of the bankruptcy cases, the debtors filed motions allowing them to operate their businesses under court supervision. What is not typical is what they also filed on the first day — a lawsuit against the lenders that provided Sabine’s $700 million second-lien loan facility.
Owning shares or partnership units is not an endorsement of management to break the Sabbaths or to do any other unGodliness. I do not share in their sin or guilt and they mislead others on their own accord. I have no major stakes to influence any company.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.