Getty Petroleum Marketing Inc.

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Case overview

Case Number:

1:11-bk-15606

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

October 21, 2014
Getty Trustee Settles With Feds Over $700M Cleanup Bill

Getty Petroleum Marketing Inc.'s Chapter 11 trustee will allow the federal government a $16 million claim against its estate as a settlement of Getty's potential $700 million liability connected to environmental contamination at a Long Island City, New York, site, according to court papers entered Tuesday.
September 24, 2014
Getty Trustee Strikes $1.4M Deal With AIG

AIG will pay Getty Petroleum Marketing Inc.'s bankruptcy trustee $1.4 million to settle a claim over how much of more than $10 million in collateral for insurance policies is owed back, the parties announced on Wednesday, after a filing with a New York bankruptcy court.
September 16, 2014
Getty Buyers Sue Akin Gump For Conflict In Lukoil Deal

Akin Gump Strauss Hauer & Feld LLP was slapped with a malpractice suit on Monday in New York bankruptcy court by two investors who purchased Getty Petroleum Marketing Inc. from a unit of OAO Lukoil, who claim Akin Gump gave them shady advice while representing parties on both sides.
August 13, 2014
Ex-Getty Owners Reach Impasse In Trustee's $6.5M Suit

The men who bought Getty Petroleum Marketing Inc. from a unit of OAO Lukoil for $1 in 2011 will not reach a mediated settlement of the Getty liquidation trustee's adversary suit claiming they drained $6.5 million from the company to line their own bank accounts, a New York bankruptcy judge said Tuesday.
January 09, 2014
McCarter Faces Clawback Suit In Getty Petroleum Ch. 11

The liquidating trustee for defunct petroleum company Getty Petroleum Marketing hit law firm McCarter & English LLP with a clawback suit in New York bankruptcy court on Wednesday in an attempt to recover payments made by Getty to the firm while Getty was insolvent.
December 05, 2013
Getty Trustee Hits Former Owners With $6.5M Clawback Suit

The liquidation trustee for the estate of Getty Petroleum Marketing Inc. has filed an adversary complaint against the men who purchased the company from a unit of OAO Lukoil for $1 in 2011, claiming the buyers drained $6.5 million from the company mostly to line their own bank accounts.
December 03, 2013
Getty Trustee Sues Greenberg To Reclaim Pre-Ch. 11 Debt

The liquidating trustee for bankrupt Getty Petroleum Marketing Inc. launched a slew of adversary complaints Tuesday against Greenberg Traurig LLP and other creditors seeking to recover more than $7.7 million in debt the fuel company paid out in the months leading up to its insolvency.
July 17, 2013
Lukoil To Pay $93M To Settle Getty Transfer Claims

Russian oil giant OAO Lukoil on Wednesday agreed to pay $93 million to settle a dispute with the trustee for bankrupt Getty Petroleum Marketing Inc. over a 2009 gas station transfer deal, ending a trial over the dispute in New York bankruptcy court.
September 21, 2012
ConocoPhillips Seeks Permission To Examine Getty Sites

ConocoPhillips Co., as predecessor to a number of Getty Petroleum Marketing Inc.'s properties, asked a New York bankruptcy judge Thursday to allow it to conduct an investigation into the debtor, citing concerns over the environmental condition of the sites.
August 24, 2012
Getty Petroleum Ch. 11 Liquidation Plan Confirmed

A New York bankruptcy judge on Friday confirmed Getty Petroleum Marketing Inc.'s Chapter 11 plan of liquidation, which was floated by its unsecured creditors committee, issuing findings of fact and conclusions of law overruling remaining objections to the plan.

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