Results of summary dismissal in PwC claim against perpetual over Sequoia Transaction

Background:

Filed under:
Canada, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Gowling WLG, PricewaterhouseCoopers
Authors:
Lorne Rollheiser , Jay Lalach , Adriana Da Silva Bellini
Location:
Canada
Firm:
Gowling WLG
Energy

Early last week PricewaterhouseCoopers Inc., in its capacity as trustee in bankruptcy for Sequoia Resources Corp., filed a statement of claim against Perpetual Energy Inc., attempting to unwind an asset sale from Oct. 1, 2016. Alternatively, PwC is seeking $217-million in damages. Along with Perpetual, PwC has named certain subsidiaries and its CEO, Susan Riddell Rose, as defendants.

In its statement of claim, the plaintiff is relying upon legal principles associated with oppression, reviewable transactions in insolvencies and regulatory law in support of its action.

Filed under:
Canada, USA, Insolvency & Restructuring, Litigation, Gowling WLG
Authors:
Paul H. Harricks , Stuart Olley , Richard Gushue KC , Jay Lalach
Location:
Canada, USA
Firm:
Gowling WLG
PwC files claim against Perpetual over Sequoia transaction

Early last week PricewaterhouseCoopers Inc., in its capacity as trustee in bankruptcy for Sequoia Resources Corp., filed a statement of claim against Perpetual Energy Inc., attempting to unwind an asset sale from Oct. 1, 2016. Alternatively, PwC is seeking $217-million in damages. Along with Perpetual, PwC has named certain subsidiaries and its CEO, Susan Riddell Rose, as defendants.

In its statement of claim, the plaintiff is relying upon legal principles associated with oppression, reviewable transactions in insolvencies and regulatory law in support of its action.

Filed under:
USA, Insolvency & Restructuring, Litigation, Gowling WLG
Authors:
Lorne Rollheiser , Stuart M. Olley , Richard Gushue KC , Jay Lalach
Location:
USA
Firm:
Gowling WLG
Energy

Early last week PricewaterhouseCoopers Inc., in its capacity as trustee in bankruptcy for Sequoia Resources Corp., filed a statement of claim against Perpetual Energy Inc., attempting to unwind an asset sale from Oct. 1, 2016. Alternatively, PwC is seeking $217-million in damages. Along with Perpetual, PwC has named certain subsidiaries and its CEO, Susan Riddell Rose, as defendants.

In its statement of claim, the plaintiff is relying upon legal principles associated with oppression, reviewable transactions in insolvencies and regulatory law in support of its action.

Filed under:
Canada, USA, Insolvency & Restructuring, Litigation, Gowling WLG
Authors:
Jay Lalach
Location:
Canada, USA
Firm:
Gowling WLG
PwC files claim against Perpetual over Sequoia transaction

Early last week PricewaterhouseCoopers Inc., in its capacity as trustee in bankruptcy for Sequoia Resources Corp., filed a statement of claim against Perpetual Energy Inc., attempting to unwind an asset sale from Oct. 1, 2016. Alternatively, PwC is seeking $217-million in damages. Along with Perpetual, PwC has named certain subsidiaries and its CEO, Susan Riddell Rose, as defendants.

In its statement of claim, the plaintiff is relying upon legal principles associated with oppression, reviewable transactions in insolvencies and regulatory law in support of its action.

Filed under:
USA, Insolvency & Restructuring, Litigation, Gowling WLG
Authors:
Lorne Rollheiser , Richard Gushue, QC , Jay Lalach
Location:
USA
Firm:
Gowling WLG