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AMERICAN PETROLEUM TANKERS PARENT LLC v. THE UNITED STATES OF AMERICA et al
Case Number:
1:12-cv-01165
Court:
Nature of Suit:
Judge:
Firms
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June 17, 2013
Petroleum Co.'s PE Ties Worried DOT In $340M Loan Dispute
A U.S. Department of Transportation review body tried to head off an independent review of a petroleum shipping company's $340 million loan request due to concerns about the company's private equity ownership, according to documents filed recently in Washington federal court.
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August 02, 2012
US Denies PE-Backed Shipping Co. $340M Loan Amid Suit
The U.S. Maritime Administration on Wednesday denied a Blackstone Group LP-owned petroleum shipping company a $340 million loan, two weeks after the company accused the administration of unfairly blocking its financing request because of its private equity backing.
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July 17, 2012
Tanker Co. Claims DOT Biased Against PE-Backed Firms
A Pennsylvania-based petroleum shipping company owned by the Blackstone Group LP on Monday sued the U.S. transportation secretary and other officials Tuesday, claiming they are improperly keeping the firm from participating in a Department of Transportation loan program because it is private equity-backed.