April 10, 2023
The trust created in the Chapter 11 case of Maxus Energy Corp. proposed a $573 million settlement with Argentine chemical company YPF SA that would resolve a long-running dispute between the parties over asset-stripping allegations and $14 billion in environmental cleanup obligations.
June 22, 2022
A Delaware bankruptcy judge on Wednesday found the liquidating trust created under the Chapter 11 plan of Maxus Energy will have to prove the actions of Maxus' parent YPF SA harmed it, as the trust seeks payment of up to $14 billion in environmental liabilities.
June 14, 2022
Congress took action to permanently raise the debt limit for small business Chapter 11 cases, a former cryptocurrency investment firm executive can't ditch his own bankruptcy case, and a bankrupt hotel company asked to deny a $6 million fee request from its own attorneys. This is the week in bankruptcy.
June 13, 2022
The liquidating trust created under the Chapter 11 plan of Maxus Energy told a Delaware bankruptcy judge Monday that there are few factual disputes between the company and its parent YPF SA, so it should be granted summary judgment in the fight over up to $14 billion in environmental liabilities.
September 17, 2021
A Delaware bankruptcy judge on Thursday ordered YPF SA to turn documents over to the Maxus liquidating trust in a $14 billion environmental liability suit, rejecting the Argentine energy company's bid to pause a previous court order so they could mount an appeal.
July 27, 2021
A Delaware bankruptcy judge Tuesday said he won't put a $14 billion environmental liability claim against YPF SA on hold while the Argentine energy company appeals his decision not to disqualify White & Case LLP from the action, saying he can't predict what "path" the Third Circuit will take.
May 10, 2021
A Delaware bankruptcy judge on Monday ruled that YPF SA can directly appeal to the Third Circuit certain questions surrounding his refusal to disqualify White & Case LLP from representing the Maxus Liquidating Trust in a $14 billion environmental liability case.
May 05, 2021
The Maxus Liquidating Trust urged the Delaware bankruptcy court Tuesday to reject Argentine energy company YPF SA's bid to directly appeal to the Third Circuit the denial of its motion to disqualify White & Case LLP from representing the trust in a $14 billion environmental liability case, saying the effort is procedurally flawed.
April 21, 2021
Argentine energy company YPF SA is pursuing a bid to disqualify White & Case LLP from representing the Maxus Liquidating Trust in a $14 billion environmental liability case despite a Delaware bankruptcy judge's pointed criticism of its arguments that an attorney who used to represent it was romantically linked with an attorney from the firm.
April 06, 2021
A Delaware bankruptcy judge on Tuesday rejected Argentine energy company YPF SA's bid to disqualify White & Case LLP from representing the Maxus Liquidating Trust in an environmental liability case, criticizing YPF for "shabby" assertions focused on an attorney's personal life.