Emerge Energy's Ch. 11 Plan OK'd In Delaware

Law360, Wilmington (December 18, 2019, 7:07 PM EST) -- A Delaware bankruptcy judge on Wednesday approved a modified Chapter 11 plan of fracking sand miner Emerge Energy Services LP and its affiliates, after issues with liability releases that led her to reject a prior plan were addressed.

During a brief hearing in Wilmington, U.S. Bankruptcy Judge Karen B. Owens gave her nod to the plan after Emerge revised the plan and accompanying confirmation order to assure creditors consented to releases that will waive potential future claims that can be sought against certain parties.

In a decision earlier this month, Judge Owens rejected a prior version of the plan, ruling that...

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