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Judge Nixes Alta Mesa Trustee's Clawback Suit
By Hilary Russ
A Texas bankruptcy judge has ended efforts by the litigation trustee for defunct oil and gas company Alta Mesa Resources Inc. to claw back money from its predecessor's shareholders, finding that they did not directly benefit from contracts that boosted the value of the company before it was later taken public in a reverse merger.
Opinion attached |
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OIL AND GAS
UTILITIES AND POWER
RENEWABLES
MINING
PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
SEC's Top Cop Departing After Record-Breaking Tenure
By Jessica Corso
The U.S. Securities and Exchange Commission announced Wednesday that enforcement director Gurbir Grewal will be leaving the agency next week following a three-year tenure, during which the agency brought in record penalties and frequently clashed with crypto industry participants objecting to a string of lawsuits brought under Grewal's leadership.
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