VPR Creditors Say CEO's Missteps Warrant Ch. 11 Trustee

Law360, New York (May 2, 2013, 4:34 PM EDT) -- Creditors of oil and gas company VPR Corp. asked a Texas bankruptcy judge Tuesday to oust company CEO Robert Pullen and appoint a trustee, citing a separate judge's findings that Pullen had allegedly defrauded investors in another bankrupt energy company.

VPR's official committee of creditors asked U.S. Bankruptcy Judge Tony M. Davis in an emergency motion to appoint a trustee in the case, saying Pullen allegedly misled investors of Fidelity Land. Co. when he was an executive for that company.

Fidelity's 2004 Chapter 7 case was...
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