5th Circ. Sanchez Ruling Nixes Double-Dip Ch. 11 Decision

By Alex Wittenberg · June 12, 2025, 4:39 PM EDT

A recent Fifth Circuit decision that stripped unsecured creditors of majority control over oil driller Sanchez Energy criticized a Texas court for letting the lower-ranked investors "have their cake and eat...

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Documents

Case Information

Case Title

Sanchez Energy Corporation

Case Number

4:19-bk-34508

Court

Texas Southern

Nature of Suit

Date Filed

August 11, 2019