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Maxus Seeks OK For $2.3M Ch. 11 Retention, Severance Deal

By Jeff Montgomery (August 22, 2016, 6:31 PM EDT) -- Maxus Energy Corp. asked a Delaware bankruptcy judge Monday for expedited approval of more than $2.3 million in retention and severance payments for 29 employees, saying the oil and gas producer needs incentives to hold workers as it wrestles with toxic legacies and Chapter 11....

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