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

Related

Sections

Case Information

Case Title

ATP Oil & Gas Corporation


Case Number

4:12-bk-36187

Court

Texas Southern

Nature of Suit

Date Filed

August 17, 2012

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.