Ex-Goldking CEO Gets Ch. 11 Case Moved To Texas

Law360, Wilmington (November 20, 2013, 8:24 PM EST) -- Goldking Holdings LLC's former CEO won his bid to move the company's Chapter 11 case to Texas on Wednesday, when a Delaware bankruptcy judge overruled objections from the oil firm and its private-equity backer and ordered the case transferred.

Former CEO Leonard C. Tallerine Jr. had sought the venue change, contending there was no reason for the Houston-based company to conduct its bankruptcy in a court far removed from its assets and creditors. Goldking had countered that as a Delaware entity it had a right to file in the state and argued that moving the case would hinder its search for...

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