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Gold/Mining/Energy : ATPG Shareholders
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From: greatpricepearl8/19/2014 5:09:07 PM
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law360.com

Ch. 7 Trustee Sues ATP Oil Execs Over Reckless Spending
By David Siegel

Law360, New York (August 18, 2014, 5:14 PM ET) -- The Chapter 7 trustee of the estate of ATP Oil & Gas Corp. filed suit Friday in Texas bankruptcy court claiming the company’s senior management failed to properly plan, budget or take the appropriate proactive action to lessen the company's damages caused by the Deepwater Horizon oil spill.

Trustee Rodney Tow claimed that following the 2010 oil spill, ATP spent money on long-term projects the company could no longer afford given the impact of the oil spill on ATP’s business. While ATP’s actual and projected cash...
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