Article: EOTT Receives Approval of First-Day Motions for Voluntary Pre-Negotiated Restructuring Plan.

EOTT Energy Partners, L.P. today announced that the U.S. Bankruptcy Court for the Southern District of Texas in Corpus Christi approved the company's first-day motions.

"We are very pleased that the Bankruptcy Court has approved our first-day motions. These approvals authorize us to protect our producers and our crude oil and feedstock suppliers, as well as our critical vendors and employees, and ensure that we will be able to implement our restructuring plan in a timely manner," said EOTT President Dana R. Gibbs. "With these issues resolved, we can now move on to the business of restoring our customers' confidence in EOTT, work toward achieving the level of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!