Delta Petroleum Earns Nod On Disclosure Statement

Law360, Wilmington (July 5, 2012, 9:00 PM EDT) -- Bankrupt Delta Petroleum Corp. won approval Thursday for its disclosure statement, clearing the way for creditors to vote on a Chapter 11 reorganization plan that entails a joint venture with Laramie Energy II LLC, a fellow Denver-based natural gas exploration and development company.

Delta attorney Kathryn A. Coleman told the Delaware court that while there had been a number of comments on and objections to the statement, most had been addressed by incorporating them into the plan, though the language still needed to be finalized in...
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