Faegre Drinker Biddle & Reath LLP, a Delaware limited liability partnership | This website contains attorney advertising.
2017

Indenture Trustee for Unsecured Notes Representation in Samson Resources Corporation Bankruptcy

United States - Delaware

Richard Bernard represented the indenture trustee for unsecured notes in the chapter 11 bankruptcy proceedings of oil and gas company Samson Resources Corporation in the U.S. Bankruptcy Court for the District of Delaware. The indenture trustee was appointed to the committee in this highly contested case, and through mediation, the various constituencies came to a resolution that included a cash distribution to unsecured creditors and the establishment of a trust to pursue billion-dollar litigation against former ownership.