Baker Hughes Fights For Payday In Star Receivership

Law360, New York (May 6, 2010, 5:55 PM EDT) -- Having drilled wells for the defunct Star Exploration Inc., Baker Hughes Oilfield Operations Inc. has challenged a federal judge’s decision to shun creditors in favor of covering investors who lost millions of dollars in the allegedly fraudulent oil and gas company.

Baker Hughes sent an interlocutory appeal to the U.S. Court of Appeals for the Fifth Circuit on Wednesday, challenging the district court’s decision to let the receiver for Star subordinate creditors’ claims and first distribute funds to the investors that were sold unregistered shares of...
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