Linn Energy, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On May 11, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Linn Energy, LLC and its affiliates.

The filing was assigned docket number 15 and is described on the court’s official docket as follows:

Emergency Motion for Entry of Interim and Final Orders Authorizing the Debtors to Continue Performing Under Prepetition Hedging and Trading Arrangements, Honor Obligations Thereunder, and Enter Into and Perform Under Trading Continuation Agreements and New Postpetition Hedging Arrangements Filed by Debtor Linn Energy, LLC (Attachments: # 1 Exhibit A — Proposed Interim Order # 2 Exhibit B — Proposed Final Order) (Tomasco, Patricia) (Entered: 05/11/2016)

Linn Energy, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 11, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of Texas . The case number for the lead bankruptcy case is 16-60040. The bankruptcy case is currently assigned to United States Bankruptcy Judge David Jones. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Linn Energy, LLC in the bankruptcy case.


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