NEW YORK, Aug 13 (Reuters) - An arm of the U.S. Justice Department is seeking the appointment of an examiner to investigate claims that fraudulent trading may have caused the multibillion dollar collapse of energy trader SemGroup, according to court papers filed on Tuesday.
SemGroup filed for bankruptcy on July 22, citing $3.2 billion in losses on energy futures and derivatives trades.
SemGroup lender RZB Finance LLC has said in court documents that SemGroup's restructuring advisers at the Blackstone Group have admitted that improper trading caused the collapse. (Reporting by Robert Campbell)
Wednesday, August 13, 2008
US Trustee seeks fraud probe in SemGroup bankruptcy
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