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Provident Creditors Fight To Be Heard In Ponzi Suit

Law360, New York (July 15, 2009) -- Creditors of bankrupt Provident Royalties LLC have filed an emergency motion asking to intervene in the U.S. Securities and Exchange Commission's suit alleging the Texas energy investment company ran a $485 million Ponzi scheme.

In a motion filed Tuesday in the U.S. District Court for the Northern District of Texas, the official committee of unsecured creditors argues that the court's approval earlier in July...

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