Pacific Energy's Unsecured Creditors Tap Steptoe

Law360, New York (April 15, 2009, 12:00 AM EDT) -- Creditors of bankrupt oil and gas exploration firm Pacific Energy Resources Ltd. have asked a court to approve the hire of Steptoe & Johnson LLP as their lead counsel.

In a motion filed Monday, the official committee of unsecured creditors asked the court to enter an order authorizing Steptoe & Johnson as lead counsel retroactive to March 19.

On March 9, Pacific Energy and seven of its affiliates filed for bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. Ten days later, the...
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