Indenture Trustee Prevails in Dispute, Exchanges Notes for Equity in Chapter 11 Bankruptcy

An indenture trustee, holding $325 million in senior secured notes, prevailed in a dispute stemming from the Chapter 11 bankruptcy proceedings of an oil and natural gas exploration company. Our firm represented the trustee in the litigation, which was related to a make-whole premium, and assisted in the exchange of the trustee’s notes for substantially all of the equity in the reorganized company.