Unsecured creditors have requested a bankruptcy court’s approval to begin a wide-ranging investigation into Sabine Oil & Gas Corp.’s merger with Forest Oil Corp. last year, a deal they have called “disastrous,” the Wall Street Journal reported today. The unsecured creditors’ committee said in court papers on Tuesday that the sheer size of the lawsuits that could stem from the investigation warrants “a prompt start and energetic prosecution.” The committee has sought the examination under rule 2004 of the Bankruptcy Code, which allows for investigations of issues that affect the administration of a bankruptcy case, including the debtor’s financial condition and operations.
