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Maxus Energy Corporation

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Case overview

Case Number:

1:16-bk-11501

Court:

Delaware

Nature of Suit:

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  1. May 03, 2023

    Maxus Gets OK For $573M Settlement In $14B YPF Fight

    A Delaware bankruptcy judge on Wednesday approved a $573 million settlement between the liquidation trust for bankrupt oil company Maxus Energy Corporation, Maxus' parent YPF SA and former parent Repsol, settling claims the latter two stripped Maxus of its assets and left it saddled with $14 billion in environmental cleanup obligations.

  2. June 13, 2022

    Maxus Says Few Facts Are In Question In $14B Ch. 11 Suit

    The liquidating trust created under the Chapter 11 plan of Maxus Energy told a Delaware bankruptcy judge Monday that there are few factual disputes between the company and its parent YPF SA, so it should be granted summary judgment in the fight over up to $14 billion in environmental liabilities.

  3. September 17, 2021

    YPF Ordered To Turn Docs Over To Maxus Liquidating Trust

    A Delaware bankruptcy judge on Thursday ordered YPF SA to turn documents over to the Maxus liquidating trust in a $14 billion environmental liability suit, rejecting the Argentine energy company's bid to pause a previous court order so they could mount an appeal.

  4. August 27, 2021

    Maxus Energy Says No To $5.2M Fee For Insurance Consultant

    Maxus Energy Corp.'s liquidating trustee Friday asked a Delaware bankruptcy judge to deny an insurance consultant's $5.25 million administrative claim, saying the filing is years too late for the consultant to collect on either pre- or post-petition claims.

  5. February 26, 2019

    Del. Judge Will Address Maxus Ch. 11 Asset Stripping Case

    A Delaware federal judge on Monday denied a request that he not weigh in on an asset stripping case brought by Chapter 11 debtor Maxus Energy Corp.'s trustee seeking up to $14 billion in fraudulent transfer and other liability damages against its parents, ruling that abstaining would "potentially compromise" creditors' recovery.

  6. February 15, 2019

    2 Energy Cos. Must Face $14B Suit From Del. Ch. 11 Trustee

    A Delaware bankruptcy judge refused to dismiss a Maxus Energy Corp. Chapter 11 trustee suit on Friday seeking as much as $14 billion in fraudulent transfer and alter ego liability damages against Repsol SA and Argentina-based YPF SA.

  7. January 22, 2019

    Ex-Maxus Owners Say $14B Suit Covers Well-Worn Ground

    The former owners of Maxus Energy Corp. told a Delaware bankruptcy judge Tuesday that a $14 billion suit brought by the company's Chapter 11 liquidation trustee should be dismissed because it focuses on the same claims brought and adjudicated in a New Jersey state court action.

  8. November 21, 2018

    Maxus Ch. 11 Trustee Slams Move To Toss $14B Suit In Del.

    The trustee for Maxus Energy Corp.'s bankruptcy liquidation on Wednesday branded as contradictory, misplaced or wrong dismissal challenges to its $14 billion, 23-count, alter ego liability and "veil piercing" suit in Delaware against Spanish energy giant Repsol SA and Argentina-based YPF SA.

  9. September 18, 2017

    Well Owners Want Maxus To Close $15M Ch. 11 Sale

    BHP Billiton on Friday urged a Delaware bankruptcy judge to force Maxus Energy to complete the $15.3 million sale of its stake in a large oil and gas well asset operated by BHP, noting that the deal has not closed despite gaining court approval months ago.

  10. September 11, 2017

    Schulte Roth Seeks $5.4M For Maxus Creditor Work

    Schulte Roth & Zabel LLP sought approval Friday for $5.4 million in fees for representing the official unsecured creditors committee in defunct oil company Maxus Energy Corp.'s 13-month bankruptcy proceeding.

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