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Green Field Energy Services, Inc.

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Case overview

Case Number:

1:13-bk-12783

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. July 12, 2016

    Ex-Green Field CEO Can't Bring GE Into Asset-Stripping Case

    The Delaware bankruptcy judge presiding over the Green Field Energy Services Inc. case refused Monday to allow the debtor's founder to bring General Electric into an adversary action accusing him of a $230 million asset-stripping scheme, ruling the court didn't have jurisdiction over the dispute between them.

  2. July 06, 2016

    Ex-Green Field CEO Wants GE In $230M Asset-Stripping Case

    The founder and former CEO of defunct Green Field Energy Services Inc., who is accused by the company's liquidation trustee of stripping some $230 million of its assets, pushed the Delaware bankruptcy court Wednesday to bring one-time potential investor General Electric into the dispute.

  3. August 31, 2015

    Green Field Judge Won't Toss $230M Asset Stripping Claims

    A Delaware bankruptcy judge declined Monday to throw out claims the founder and former CEO of Green Field Energy Services Inc. stripped the company of $230 million in assets, ruling the debtor's liquidating trustee had argued a plausible enough case to move forward with his lawsuit.

  4. August 20, 2015

    Ex-Green Field CEO Wants $230M Asset Stripping Suit Axed

    The founder of Green Field Energy Services Inc. pushed the Delaware bankruptcy court Thursday to toss a $230 million adversary action from the liquidating trustee accusing him of stripping the oil well servicing company of valuable assets, arguing the complaint is so inartful, it's impossible to defend against.

  5. July 28, 2015

    Green Field Trustee's $230M Suit Slated For Jan. Mediation

    A Delaware bankruptcy judge ruled Tuesday that a $230 million lawsuit lodged by Green Field Energy Services Inc.'s liquidating trustee against the oil field servicer's ex-CEO will go before a mediator in January then head to trial late next year if need be.

  6. April 07, 2015

    Green Field Trustee Springs $230M Asset-Stripping Suit

    The bankruptcy trustee charged with enhancing recoveries for Green Field Energy Services Inc.'s creditors filed a $230 million lawsuit Monday against ex-CEO Michael Moreno for allegedly looting the oil well servicing outfit to escape the consequences of a bad bet on fracking technology.

  7. April 23, 2014

    Green Field's Battle-Forged Ch. 11 Plan Gets The Go-Ahead

    A Delaware bankruptcy judge gave the thumbs-up Wednesday to oil field services company Green Field Energy Services Inc.'s Chapter 11 plan, after the major parties in the once-contentious case came to an agreement on how asset-sale proceeds should flow to creditors.

  8. March 25, 2014

    Bankrupt Green Field Gets Nod To Sell JV Stake For $17.8M

    A Delaware bankruptcy judge on Tuesday gave the go-ahead for oil field services company Green Field Energy Services Inc. to sell its stake in a joint venture, approving a credit bid from bondholders valued at nearly $17.8 million.

  9. March 18, 2014

    Creditors Want Green Field Examiner Report Unsealed

    The creditors committee in oil services company Green Field Energy Services Inc.'s bankruptcy slammed a request by the examiner in the case for the court to seal his report, arguing there's no reason to keep the information from public view, especially because the debtors have shut down their business.

  10. March 14, 2014

    Bankrupt Green Field Gets Judge's Nod For $50M Asset Deal

    A Delaware bankruptcy judge on Friday blessed Green Field Energy Services Inc.'s proposed sale agreement, a deal in which a unit of Gordon Brothers Group LLC will pay the oil services company at least $50 million for the right to auction the bulk of its assets.