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Goldman Sachs Arm Sues SemGroup Over $90M Deal

Law360 (January 21, 2009, 12:00 AM EST) -- J. Aron & Co., a subsidiary of Goldman Sachs Group Inc. that trades commodities, has launched an adversary case against certain debtors and creditors in SemGroup LP's Chapter 11 bankruptcy proceedings, claiming it is entitled to tender $89.8 million it owes to the debtors.

In a complaint and related motions filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, J. Aron seeks declaratory judgment that the terms of a trading agreement it had with the debtors to sell oil it purchased from SemGroup...
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