Elk Petroleum Ch. 11 Trustee Sues Execs For 'Gross' Failures
By Jeff Montgomery ( May 20, 2021, 5:27 PM EDT) -- A Chapter 11 litigation trustee for remnants of Elk Petroleum Inc. and its affiliates has sued four former top officers in Delaware's bankruptcy court on eight counts seeking damages ranging from $2.5 million to $32 million for financial "pilfering" and "gross" pre-bankruptcy governance failures....
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