Gastar Exploration – Ares Funds Object to Appointment Equity Security Holders Committee, Arguing that Equity is Simply Too Far Out of the Money

November 5, 2018 – A group of certain funds affiliated with Ares Management (“Ares”) filed an objection [Docket No. 116] to two related motions seeking appointment of an equity committee in these cases [Docket Nos. 42 and 77].    The objection asserts, “Movants fail to acknowledge the heavy burden they carry, choosing instead to rely…