Next For SemGroup: Chapter 11 Restructuring Plan - - Tulsa, OK - News, Weather, Video and Sports - |

Next For SemGroup: Chapter 11 Restructuring Plan

Posted: Updated:

TULSA, OK -- Tulsa-based SemGroup is expected to file a Chapter 11 restructuring plan Friday in federal court.

The plan will provide details on how the company can pay back billions of dollars in debt and come out of bankruptcy.

SemGroup is facing several lawsuits from investors who claim they were cheated out of millions of dollars.

4/27/2009 Related story: Former SemGroup Officials Respond To Bankruptcy Report

New York billionaire John Catsimatidis is battling SemGroup executives for the right to lead the company's restructuring process.

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.