October 29, 2013
The trustee for Crescent Resources LLC fought back in a Texas federal court Monday against parent company Duke Energy Corp.'s move for summary judgment of a suit over a 2006 debt transaction that allegedly left the real estate investment company insolvent and careening toward bankruptcy while Duke raked in $1.6 billion.
March 23, 2012
A Texas federal judge on Thursday consolidated and removed from bankruptcy court several suits filed on behalf of Crescent Resources LLC creditors over a 2006 debt transaction involving investment banks that allegedly left the company insolvent while parent Duke Energy Corp. raked in $1.6 billion.