Bankruptcy Judge OKs CDX Affiliate's Ch. 11 Plan

Law360, New York (July 13, 2009, 12:00 AM EDT) -- A Texas bankruptcy judge has signed off on CDX Rio LLC's first amended Chapter 11 reorganization plan, which includes an amendment settling the U.S. government's recent objections that Rio's asset sales ran afoul of rules governing the transfer of oil and gas leases on tribal land.

On Friday, Judge Letitia Z. Paul of the U.S. District Court for the Southern District of Texas, Houston Division, confirmed the amended plan of reorganization for CDX Rio, an affiliated debtor of Houston-based natural gas exploration company CDX Gas LLC....
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