Bankruptcy Judge Rips ATP Over Late $3M Royalty Payments

Law360, Houston (April 4, 2013, 6:36 PM EDT) -- A Texas bankruptcy judge on Thursday hammered ATP Oil & Gas Corp. for defying his order to hand over nearly $3 million in royalty payments to Macquarie Investments LLC and Keba Energy LLC.

U.S. Bankruptcy Judge Marvin Isgur told ATP attorney Randall Rios of Munsch Hardt Kopf & Harr PC he was “very concerned” about allegations Macquarie and Keba raised in an emergency motion to compel that ATP refused until late Wednesday to release $2.9 million in royalty payments the pair of interest holders were supposed to...
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