Hearing On ATP's $691M Asset Sale Pushed Back

Law360, New York (May 9, 2013, 7:06 PM EDT) -- A Texas bankruptcy judge Thursday delayed his review of ATP Oil & Gas Corp.’s proposed $691 million oil and gas leases sale to a group of lenders led by Credit Suisse AG, as the company answers creditor objections to the deal.

U.S. Bankruptcy Judge Marvin Isgur will review the sale at a hearing May 23, a person familiar with the matter confirmed Thursday. Stakeholders in the bankruptcy have filed several objections to the deal, saying the asset purchase agreement unfairly discounts their claims or reduces the priority...
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