Federal Receiver Allowed to Abandon Texas Pipeline
Energy & the Law
NOVEMBER 7, 2023
Securities and Exchange Commission v. The Heartland Group Ventures LLC et al. explains what a receiver under federal law has the right to do. Much like Nick Saban’s offense against a certain team, she can do just about anything she wants. The assets The SEC applied for appointment of a receiver for a group of Heartland companies. The entities’ assets included 403 oil and gas wells and 110 miles of gas gathering and transportation lines called the Palo Pinto Pipeline.
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