Trustee David Dunn Seeks to Clawback Over $2.4M From Natixis SA & GR Wireline in Alta Mesa Resources Bankruptcy
August 4, 2021, Southern District of Texas – David M. Dunn, as AMH Litigation Trustee of the AMH Litigation Trust for Debtors Alta Mesa Resources, inc. et al brings a complaint to avoid and recover transfers worth $1.4 Million from GR Wireline, L.P as “preferences and fraudulent conveyances”. In a separate adversary proceeding, the Trustee also sued Natixis SA to recover approximately $1,041,550 as transfers under Sec. 547 and 548 of the Bankruptcy Code. The Trustee also seeks to disallow any claims held by Defendants.
As per the disclosure statement, the Debtors were an independent energy company focused on the development of unconventional onshore oil and natural gas reserves in the eastern part of the Anadarko Basin in Oklahoma. The Debtors’ financial difficulties that led to the decision to file for chapter 11 bankruptcy protection are attributable to a combination of factors, all of which placed significant stress on the Debtors’ liquidity position in the months leading up to the petition date.
The case is In re Alta Mesa Resources, Inc. jointly administered under Case No. 19-35133 in the United States Bankruptcy Court for Southern District of Texas. Honorable Judge Marvin Isgur is overseeing the Debtors’ bankruptcy case.