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US Tells ATP Ch. 7 Judge To Ignore Objections, OK Deal

By Alex Wolf (February 3, 2015, 7:59 PM EST) -- The federal government urged a Texas bankruptcy judge on Monday to overrule creditors' objections and approve a settlement releasing bankrupt ATP Oil and Gas Corp. from a $61 million administrative claim in exchange for dropping a $70 million claim against the government for lost profits following a post-Deepwater Horizon drilling moratorium....

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