Ex-SemGroup CEO Can't Dodge Limited Partners' Fraud Suit

Law360, Chicago (July 3, 2013, 12:23 PM EDT) -- Former SemGroup LP CEO Thomas L. Kivisto must face a fraud suit from the company’s former limited partners in Oklahoma court that had previously been blocked by a Delaware bankruptcy judge, according to a court order filed Tuesday.

U.S. Bankruptcy Judge Brendan L. Shannon ruled nearly two years ago that SemGroup’s 2009 reorganization plan barred the claims against Kivisto, but the decision was reversed in part on appeal by the district court in November. In Tuesday’s order, Judge Shannon put the district court ruling into effect,...
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