Ch. 11 Appeal Is Nixed In Repsol-Maxus Cleanup Fight

Law360 (December 20, 2019, 4:39 PM EST) -- A Delaware federal judge has rejected an appeal of a bankruptcy judge's decision to weigh in on an asset stripping case brought by Chapter 11 debtor Maxus Energy Corp.'s liquidating trust, saying the trust may not get the opportunity to bring its claims in another court.

In a decision Thursday, U.S. District Judge Richard Andrews rejected Repsol SA's arguments that some of the trust's asset stripping claims can be removed from bankruptcy court and added to a pending New Jersey state court suit, saying the suit is currently on appeal and depending on the outcome may be barred from adding the...

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