5th Circle Dismisses FERC orders in bankruptcy case

By McCord Pagan (July 20, 2022, 6:44 p.m. EDT) — In a decision released Tuesday, the Fifth Circuit dismissed a series of orders from the Federal Energy Regulatory Commission that sought to compel a natural gas company to continue to perform a contract that it had rejected in bankruptcy proceedings.

A unanimous panel of three court judges sided with Gulfport Energy Corp. and against FERC, saying the agency was wrong to order Gulfport to pursue the deal with intervener Rover Pipeline LLC because bankruptcy laws allow companies to reject contracts, even if the agency considers doing so is contrary to the public interest.

“Because FERC cannot void a debtor’s bankruptcy rights or bankruptcy…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!



Comments are closed.