Tide Gas Wins Bid To Halt $120M Arcapita Claim Fight

Law360, New York (July 18, 2013, 8:28 PM EDT) -- A New York bankruptcy judge on Thursday put aside litigation between Tide Natural Gas Storage I LP and a group of former investors of an Arcapita Bank BSC affiliate over the subordination of claims until a related district court matter is settled.

U.S. Bankruptcy Judge Sean H. Lane sided with Tide and its contention that the court should wait for a ruling in the district court lawsuit that Tide launched over whether it can sue Arcapita’s Falcon Gas Storage Co. Inc. for $120 million in fraud...
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