Stringer and the other attorneys for the estate have bristled at the intervention of the creditors in the probate court. It borders Saugatuck Dunes State Park on the north and the river on the south. Settlement erases some of Aubrey McClendon estate debts. McClendon was known as a generous supporter of various charitable organizations and many of their claims have been rejected, including the Boy Scouts of America and the Ronald Reagan Presidential Foundation. The banks that originally backed the $465 million loan to AEP, personally guaranteed by McClendon, include Goldman Sachs, Jefferies & Co, Morgan Stanley and Credit Suisse, according to Thomson Reuters data. At the same time, McClendons business deals in Michigan soured. But in 2010, McClendon sued the township, with zoning laws reverted to what they were when he bought the property. Oaktree laid claim to the Thunder ownership until the sale of certain oil and gas leases satisfied the claim. We have been advised that Katie McClendon wants to purchase that Thunder interest, said the attorney, Arthur Hoge, in the court transcript reviewed by Reuters. McClendon had used his interest in the Thunder to personally guarantee a loan from private investment firm Oaktree Capital Management LP to a subsidiary of AEP, according to a person familiar with the matter. Cloudflare Ray ID: 7c0d1d75ee7b362f Also, Duke University filed a claim in August for $9.9 million McClendon had pledged to various projects at his alma mater, but then withdrew it. Listed at $40 million, a mansion along Lake Michigan in Saugatuck Township has the highest residential asking price in Michigan. Besides the $3 million McClendon had in a cash account, the Thunder stake may be his most valuable asset, they said. Was Aubrey McClendon a Billionaire, or Broke? - WSJ The move to accelerate the loan allows the group to file a claim against McClendon's estate, according to a person familiar with the matter. He pretty much drove straight into the wall, Oklahoma City Police Capt. Hoge compared it to a bankruptcy, where the court's chief role is to protect the interest of creditors. Should we throw in 50/50 together here rather than trying to bash each others brains out on lease buying? McClendon wrote to the company rival. Parents like Nelms say []. But House Democrats criticize the speaker for putting forth a bill they say is dead on arrival. "It depends on commodity prices," among other factors, Stringer said in the transcript. Top editors give you the stories you want delivered right to your inbox each weekday. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Text. bans gender transition surgery, hormones for, Canadian folk singer Gordon Lightfoot dies at 84, Lawmakers get their chance to question Supt. Besides the $3 million McClendon had in a cash account, the Thunder stake may be his most valuable asset, they said. When reached by Reuters, he declined to comment beyond what was in the public record. Then the oil and gas industry went south and he said, Well, were not doing anything with this right now. , McClendon made much of his fortune by squeezing natural gas out of rock and is considered one of the first frackers.. If you reached this page via our site or search, please let us know by emailing, Epsteins Private Calendar Reveals Prominent Names, First Republic Bank Is Seized and Bulk Sold to JPMorgan, Randi Weingartens Incredible Covid Memory Loss, Speaker McCarthy Expects White House to Invite Netanyahu to Washington, Why This Rolex Is Worth More Used Than New, Disney vs. DeSantis: What to Know About Their Power Struggle.
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