ConocoPhillips Seeks Permission To Examine Getty Sites

Law360, New York (September 21, 2012, 2:29 PM EDT) -- ConocoPhillips Co., as predecessor to a number of Getty Petroleum Marketing Inc.'s properties, asked a New York bankruptcy judge Thursday to allow it to conduct an investigation into the debtor, citing concerns over the environmental condition of the sites.

The company is asking U.S. Bankruptcy Judge Shelley C. Chapman for permission to conduct a Rule 2004 examination in relation to the 317 sites it transferred to GPMI in 2004, citing evidence that the debtor's indemnity obligations with respect to the sites has been breached.

According to...
To view the full article, register now.
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.