SemGroup Asks Court To Force Insiders To Appear

Law360 (November 20, 2008, 12:00 AM EST) -- Facing subpoenas by the U.S. Securities and Exchange Commission, beleaguered energy company SemGroup LP has asked a court to order company insiders to appear for questioning by its lawyers over the company's prebankruptcy activities.

SemGroup filed a motion Wednesday in the U.S. Bankruptcy Court for the District of Delaware seeking permission to quiz former chief operating officer Kevin Foxx; co-founder Thomas Kivisto's former assistant, Sharon Pens; and Kivisto's former accounting officer, Gregory Price.

The company's request to question the insiders comes just weeks after it announced...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.