Sunday, April 28, 2013

Ex-Delta exec Parker takes aim at bankruptcy committee of creditors

The latest battlefield in the personal bankruptcy case of accused inside-trader oilman Roger Parker took on a different dimension when the former Delta Petroleum exec took aim at the creditors committee overseeing his case. In a court filing last week, Parker noted how the three creditors that make up the committee are actually the biggest and most antagonistic to his financial well-being. They are: • Kirk Kerkorian-owned Tracinda Corp., which bought into Delta and is at the heart of an insider-trading case the U.S. Securities and Exchange Commission filed against Parker and others. It also loaned Parker $7.6 million and has been trying to collect. • Delta Petroleum General Recovery Trust, the remnant of Delta's bankruptcy that wants Parker to give back his interest in a lucrative oil/gas lease. Read more:http://www.denverpost.com/business/ci_23110230/ex-delta-exec-parker-takes-aim-at-bankruptcy

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