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Expert Analysis

How Sabine Oil Seized Control Of Bankruptcy Litigation

Law360, New York (November 6, 2015, 10:37 AM EST) -- Sabine Oil & Gas Corp. recently filed for bankruptcy. As is typical, on the first day of the bankruptcy cases, the debtors filed motions allowing them to operate their businesses under court supervision. What is not typical is what they also filed on the first day — a lawsuit against the lenders that provided Sabine's $700 million second-lien loan facility....

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