Bankrupt Oil Biz Furie Gets Nod For Planned Ch. 11 Sale
Law360, Wilmington, Del. (February 20, 2020, 8:32 PM EST) -- A Delaware bankruptcy judge on Thursday gave oil and gas producer Furie Operating Alaska LLC her nod to move forward with a planned Chapter 11 sale of its ownership interests through a foreclosure transaction, as another potential buyer still negotiates with the debtors.
During a lengthy hearing in Wilmington, U.S. Bankruptcy Judge Laurie Selber Silverstein raised serious concerns about stakeholders not having enough time to review transaction details prior to the proceedings. Court filings related to the transaction have been pouring in since earlier this week.
"This is an entirely new transaction that I have not had time to review," Judge...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!