InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,388.92
(
-0.79%
)
Post# of 677
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DocLevi

Send PM Follow Ignore
Followers 25
Posts 1201
Boards Moderated 0
Alias Born 05/12/2014

DocLevi

Re: None

Saturday, 11/07/2015 9:59:11 PM

Saturday, November 07, 2015 9:59:11 PM

Post# of 677

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.

That lawsuit seeks to avoid liens granted to those lenders, in effect partially unwinding a merger consummated by Sabine only eight months prior to the bankruptcy...
http://www.law360.com/articles/723852/how-sabine-oil-seized-control-of-bankruptcy-litigation

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.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

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.

Sign Up