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5th Circ. Affirms Subrogation Loss In Fieldwood Energy Sale

By Yun Park ( February 21, 2024, 6:39 PM EST) -- The Fifth Circuit has ruled that a group of insurers that issued surety bonds to bankrupt Fieldwood Energy in a sale of its assets are not entitled to subrogation rights because the bankruptcy court's order stripping their rights could not be challenged under Section 363 of the Bankruptcy Code, a protection that limits appellate review of an approved sale....

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