Quest Resource, Ex-CEO Settle For $2.4M

Law360, New York (May 26, 2009, 12:00 AM EDT) -- Quest Resource Corporation and Quest Energy Partners LP have reached a settlement with their former chief executive officer, who they alleged made "questionable" transfers of $10 million from the companies to an entity he controlled.

In a filing Tuesday with the U.S. Securities and Exchange Commission, Quest Resource said that under the terms of deal struck with former company head Jerry Cash, it will receive $2.4 million in cash and 60 percent of the controlled entity’s interest in a gas well located in Louisiana and a...
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