Bankrupt Samson Resources Reaches Settlement for Ch. 11 Plan

"Bankrupt energy company Samson Resources Corp said on Friday it has reached a key settlement with stakeholders that averts a rare courtroom battle with its unsecured creditors over rival plans for restructuring $4 billion in debt.

The settlement outlined in court papers in U.S. Bankruptcy Court in Delaware also clears the way for the Tulsa, Oklahoma-based company to rework its reorganization plan and bring its long Chapter 11 case to an end."

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This article appeared in its entirety in the January 9, 2017 edition of Reuters.