High Court Rejects Challenge To Lothian Bankruptcy Deal

Law360, New York (January 13, 2014, 3:06 PM ET) -- The U.S. Supreme Court on Monday denied a bid by an unofficial group of shareholders of bankrupt Lothian Oil Inc. to scrap a settlement giving competitor Nawab Energy Partners LP $200 million worth of property for $115,000.

In its weekly order list, the high court refused to grant certiorari to the Anti-Lothian Bankruptcy Fraud Committee’s challenge of the Fifth Circuit's January 2013 ruling that the committee had contested the deal outside the 180-day window for revocation of the plan.

In its usual manner, the the court...
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