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Judge Nixes Alta Mesa Trustee's Clawback Suit

By Hilary Russ ( October 2, 2024, 8:39 PM EDT) -- 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....

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