SemCrude Producers Committee Wants Ch. 11 Trustee

Law360, New York (September 8, 2009, 4:17 PM EDT) -- The official producers committee in oil distributor SemCrude LP's bankruptcy has asked a court to appoint a Chapter 11 trustee or examiner for the estates of SemCrude, Eaglwing LP and SemGas LP, saying current management has shown it is unsuitable to serve as a fiduciary for the bankruptcy cases' producer debtors.

The committee, which represents about 80,000 producers, on Friday asked the U.S. Bankruptcy Court for the District of Delaware to appoint a trustee or examiner for the estates of SemCrude, Eaglwing and SemGas, as well...
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