Apollo Global Management and Fidelity Management & Research Co. said an ex-bankruptcy judge steered an oil and gas company’s bankruptcy deal that cost the lenders hundreds of millions of dollars—while hiding his relationship with an attorney involved.
The financial titans, in a filing Thursday in the US Bankruptcy Court for the Southern District of Texas, questioned the judicial mediation led by former Houston bankruptcy judge David R. Jones that led to a 2020 settlement in the bankruptcy of the former Sanchez Energy Co.
Apollo and Fidelity were among the secured lenders in the Sanchez Chapter 11 case, which began in ...