Ruby Pipeline, L.L.C.

  1. January 13, 2023

    Voyager Sells Digital Assets For $1B, FTX Finds $5B In Crypto

    Cryptocurrency debtors put billions of dollars in play this week as Voyager Digital Holdings got the nod for a $1 billion sale of assets and FTX Trading located $5 billion of its own assets. Over at the U.S. Supreme Court, the justices wrestled with Puerto Rican sovereignty in a case involving the island's fiscal board. This is the week in bankruptcy.

  2. January 13, 2023

    Ruby Pipeline Gets Del. Ch. 11 Plan, Tallgrass Sale OK

    Ruby Pipeline eased through a bankruptcy court confirmation hearing in Delaware on Friday with plans for a same-day sale closing on settlement terms made possible by a compromise in July that averted a multi-day trial on challenges to the debtors' case control and timelines.

  3. December 22, 2022

    Insurers Slam Scouts Plan; FTX To Start Clawback Actions

    Insurers who didn't sign on to the Chapter 11 plan of the Boy Scouts of America slammed the $2.5 billion settlement trust in an appellate briefing, cryptocurrency exchange FTX said it will begin seeking clawback of prepetition distributions, and cosmetics giant Revlon Inc. reached a deal with creditors for a Chapter 11 plan. This is the week in bankruptcy.

  4. December 19, 2022

    Ruby Pipeline Seeks OK For $135M Kinder Morgan Settlement

    Ruby Pipeline LLC has asked a Delaware bankruptcy court to approve a $135 million settlement with its equity sponsors over claims that the company paid them quarterly dividends while it was insolvent, a move that would clear the way for Tallgrass MLP Operations to complete its purchase of the debtor.

  5. December 07, 2022

    Judge Rejects Protections For Ruby Pipeline Stalking Horse

    The Delaware bankruptcy judge overseeing Ruby Pipeline's Ch. 11 case Wednesday both denied a company equity sponsor bid protections on its $236 million offer for its pipelines and said Ruby was justified to turn down a bid by noteholders.

  6. December 06, 2022

    Ruby Pipeline Clashes With Noteholders On Asset Bids

    Ruby Pipeline asked a Delaware bankruptcy judge Tuesday to approve a $236 million stalking horse bid for its pipelines from an equity sponsor while noteholders complained the company had rejected what they said was their own superior offer.

  7. July 19, 2022

    Ruby Pipeline Settles Ch. 11 Timeline, Plans January Exit

    Ruby Pipeline LLC will sell its assets before the end of the year and emerge from Chapter 11 by January under a settlement reached with creditors on the eve of what was expected to be a four-day trial, the Texas-based pipeline owner told a bankruptcy court in Delaware Tuesday.

  8. April 04, 2022

    Noteholders Preview Dispute In Ruby Pipeline Ch. 11 Case

    A group of senior unsecured noteholders of bankrupt gas pipeline owner Ruby Pipeline LLC told a Delaware judge Monday that the Chapter 11 case was filed by the debtor and its equity sponsors to exert leverage over the noteholders in repayment negotiations.

  9. April 01, 2022

    Kinder Morgan-Backed Pipeline Hits Ch. 11 With $475M Notes

    A natural gas pipeline venture backed by Kinder Morgan Inc. filed for Chapter 11 protection late Thursday in Delaware bankruptcy court, saying restructuring negotiations with holders of $475 million in senior unsecured notes ahead of a Friday maturity date had failed.