Concerns Raised Over Sale Of Pacific Energy Assets

Law360, New York (June 29, 2009, 12:00 AM EDT) -- Unsecured creditors are firing back at Pacific Energy Resources Ltd. over the proposed sale of some of the bankrupt energy company's assets, expressing concern that the move would not be in everyone's best interests.

On Friday in the U.S. Bankruptcy Court for the District of Delaware, the official committee of unsecured creditors filed their official response to PER's motion to approve the bidding procedures for the Beta Assets and Alaska Assets, accepting the sale time line but citing concern over the fast-paced nature of the transaction....
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