VPR Creditors Say CEO's Missteps Warrant Ch. 11 Trustee

Law360, New York (May 02, 2013, 4:34 PM ET) -- Creditors of oil and gas company VPR Corp. asked a Texas bankruptcy judge Tuesday to oust company CEO Robert Pullen and appoint a trustee, citing a separate judge's findings that Pullen had allegedly defrauded investors in another bankrupt energy company.

VPR's official committee of creditors asked U.S. Bankruptcy Judge Tony M. Davis in an emergency motion to appoint a trustee in the case, saying Pullen allegedly misled investors of Fidelity Land. Co. when he was an executive for that company.

Fidelity's 2004 Chapter 7 case was...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required