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Fifth Circuit Bars Creditors’ Own Claims Against Settling Defendants
Delaware District Court Doesn’t Want 2,400 Johnson & Johnson Talcum Powder Suits
Trustee Allowed to Sue for Fraudulent Transfer on an Unenforceable Contract
Third Circuit Expands the Flexible Notion of ‘Finality’ on Bankruptcy Appeals
Judges Keep Oklahoma Oil Company's Bankruptcy Cases Local
White Star Petroleum’s bankruptcy cases will be handled by the federal bankruptcy court in Oklahoma City, court records show, the Oklahoman reported. Orders issued earlier this month by bankruptcy judges in both Delaware, where the company incorporated, and in Oklahoma City set hearings in the case locally — something the company had argued against. The Oklahoma City chapter 11 involuntary bankruptcy case was filed against White Star by five creditors on May 24. White Star responded by seeking bankruptcy protection in the Delaware venue. Initially, company officials asked for the involuntary case filed by Baker Hughes Oilfield Operations, Mustang Heavy Haul, Latshaw Drilling, MS Directional and Cactus Drilling to be dismissed and asked the Delaware judge to allow its voluntary case to proceed. When the company filed its case, officials stated they had secured adequate financing to “timely pay all employees, vendors and suppliers for services and products provided during chapter 11."
