We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

3 More Execs To Be Added To $362M SemGroup Suit

Law360 (June 8, 2009, 12:00 AM EDT) -- A judge has allowed the unsecured creditors committee of bankrupt energy company SemGroup LP to add three company officials to its $362 million adversary suit against SemGroup's former CEO alleging he enriched himself with millions in illicit bonuses and used company cash for his own trading efforts.

Judge Brendan Shannon of the U.S. Bankruptcy Court for the District of Delaware on Friday approved a stipulation by the committee and SemGroup allowing the men to be added when an amended complaint is filed.

The new defendants are...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.