Pacific Energy bankruptcy

In late August, the Official Committee of Unsecured Creditors (the “Committee”) in the Pacific Energy Resources bankruptcy, began filing adversary actions against various creditors.  The complaints filed by the Committee allege the defendants received preferential transfers and/or fraudulent transfers from the Debtor.  Prior to filing the adversary actions,  the Committee filed a motion with the


Pacific Energy Resources Ltd (“Debtors”), a group of oil and gas producers that develop resources in the Western United States, filed chapter 11 petitions for bankruptcy on March 8, 2009.  Debtors filed their bankruptcy petitions in the United States Bankruptcy Court for the District of Delaware. As stated in the Affidavit in Support