Trustee Balks At TXCO's Bid To Retain Locke Lord

Law360, New York (July 16, 2009, 3:27 PM EDT) -- The U.S. trustee overseeing the bankruptcy case of oil and gas giant TXCO Resources Inc. is objecting to the company's request to appoint Locke Lord Bissell & Liddell LLP to represent the directors in the case, arguing that they do not need their own separate counsel.

On Tuesday Charles McVay, the U.S. trustee for Region 7, filed an objection to the debtors' application to retain Locke Lord as special counsel, asking the U.S. Bankruptcy Court for the Western District of Texas to deny the request....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.