SemGroup program draws scrutiny
A federal examiner will investigate claims that SemGroup LP 's ill-fated energy trading program violated loan covenants, regulations and its own policies, and included the funding of its chief executive officer's personal trades, a bankruptcy judge ruled Wednesday.
U.S. Bankruptcy Judge Brendan L. Shannon directed the U.S. Trustee to appoint an examiner to investigate SemGroup's trading strategy; insider transactions;...
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