Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) Bankruptcy New Filing Alert: Order Regarding The Motion For Appoval Of Claims Trading Procedures





On January 28, 2016, an order regarding the motion for appoval of claims trading procedures was filed in the bankruptcy case of Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) and its affiliates.

The filing was assigned docket number 428 and is described on the court’s official docket as follows:

Order [FINAL] (I) Approving Notification and Hearing Procedures for Certain Transfers of Common Stock and any Class of Preferred Stock and (II) Granting Related Relief (related document(s)[14], [73]). Signed on 1/28/2016. (Attachments: # (1) Exhibit 1 # (2) Exhibit 1A # (3) Exhibit 1B # (4) Exhibit 1C # (5) Exhibit 1D) (SJS)

Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on December 15, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-12533. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Magnum Hunter Resources Corporation (a/k/a Petro Resources Corporation) in the bankruptcy case.

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