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Green Field Trustee Gets $17M From Ex-CEO In Ch. 11 Suit

Law360 (September 13, 2018, 9:01 PM EDT) -- The liquidation trustee of reorganized debtor Green Field Energy Services Inc. will be able to recover nearly $17 million from the former CEO of the company after a Delaware bankruptcy judge decided Wednesday that he is liable for breaching a contract with the company and depriving it of needed financing.

In a 126-page opinion, U.S. Bankruptcy Judge Kevin Gross said Green Field founder and former CEO Michael Moreno failed to perform under share purchase agreements between entities he controlled and Green Field that required the entities...
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