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Venoco Noteholders Attack Ch. 11 Plan As 'Collusive Scheme'

By Matt Chiappardi (June 24, 2016, 4:10 PM EDT) -- Unsecured noteholders holding about $210 million of Venoco Inc.'s debt launched a scathing attack late Thursday on the oil driller's Chapter 11 plan, arguing it's the culmination of a "collusive scheme" by the company's principal and secured creditors to enrich themselves and throw other creditors "under the bus."...

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