Ex-SemGroup CEO Asks Court To Toss Fraud Suit

Law360, Wilmington (June 23, 2011, 6:45 PM EDT) -- Former SemGroup LP CEO Thomas L. Kivisto lobbied a Delaware bankruptcy court on Thursday to quash a fraud suit brought against him in an Oklahoma federal court, saying the claims belonged to a litigation trust set up in the bankruptcy.

The former limited partners of the reorganized oil distributor, now called SemCrude, filed suit in Oklahoma federal court in January, bringing direct claims for negligent misrepresentation, fraud and breach of fiduciary duty against Kivisto stemming from SemGroup’s collapse. The complaint also alleged professional negligence and accounting...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Cottonwood Partnership, L.L.P. et al v. Pricewaterhouse Coopers, LLP et al


Case Number

4:11-cv-00061

Court

Oklahoma Northern

Nature of Suit

Personal Property: Other

Judge

James H Payne

Date Filed

January 26, 2011

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.