Defunct Tech Co. Wants Suit Against Southern Union Revived
By Jeremy Heallen
Law360, Houston (December 2, 2013, 9:22 PM EST) -- The trustee for a bankrupt telecommunications equipment provider told a Texas appeals court Wednesday that Southern Union Co., a unit of Energy Transfer Partners LP that had invested in the telecom company, blocked a $7 million private equity sale and should be held accountable for the company’s failure.
In a brief filed with the First District Court of Appeals, Advent Networks Inc. trustee Ronald Ingalls argued that his suit against Southern Union should not have been dismissed because he has proof the energy giant rejected a...