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'Furious' Samson judge rebukes banks


Samson Resources Corp lenders received a sharp rebuke at the company's initial bankruptcy hearing, when a judge said they made him "furious" by asking for too much too soon in the oil-and-gas driller's reorganisation effort. On Samson's first day in court since filing for Chapter 11 protection, US Bankruptcy Judge Christopher Sontchi refused to give the company's senior lenders certain collateral rights over assets that weren't already backing any debt. "You are asking for something I don't want to give you, and you're saying you are going to ...

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First Published: Sat, September 19 2015. 21:14 IST