Whiting Petroleum Corporation – Still Fuming, Convertible Notes Trustee Objects to Disclosure Statement Citing Inadequate Information and the “Troubling Background of these Cases”
June 5, 2020 – The Delaware Trust Company, as successor indenture trustee (“Convertible Notes Trustee”) for the Debtors' 1.25% convertible senior notes due 2020 (the “Convertible Notes,” principal $190.0mn) objected to the Debtors’ Disclosure Statement, arguing that "fatal confirmation issues exist and, if they are not resolved, will be prosecuted by the Convertible Notes Trustee…