Former SemGroup Investors Fight Ex-CEO's Fast-Track Appeal

Law360, Wilmington (August 14, 2013, 9:27 PM EDT) -- Former limited partners of SemGroup LP on Tuesday blasted ex-CEO Thomas L. Kivisto's bid to appeal a Delaware bankruptcy judge's order straight to the Third Circuit, calling it an attempt to sidestep a previous ruling by the district court.

The order, signed last month by U.S. Bankruptcy Judge Brendan L. Shannon, lets the limited partners proceed in part with an Oklahoma suit against Kivisto, allowing fraud and negligent misrepresentation claims to go forward but barring a claim for breach of fiduciary duty.

Cottonwood Partnership LLP and other...
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