EP Energy Corporation – Notwithstanding Currently Bleak Prospects for Oil and Gas Industry, Court Brushes Aside Coronavirus Related Challenge and Confirms Debtors’ Plan of Reorganization

March 6, 2020 – The Court hearing the EP Energy Corporation case confirmed the Debtors’ Fourth Amended Joint Chapter 11 Plan of Reorganization, clearing the way for the Debtors to exit bankruptcy in the coming weeks, minus $3.3bn of prepetition debt. Judge Martin Isgur brushed aside late-in-the-day objections from creditors who had argued that the…