On April 2, 2018, EV Energy Partners, L.P. (“EVEP”) filed for Chapter 11 bankruptcy in the District of Delaware (Case No. 18-10814 (CIS)). While EVEP continues to operate its business, it now seeks to implement a prepackaged plan of reorganization, under which equity investors who purchased EVEP Units will likely…
If your financial advisor has recommended an unsuitable investment in a Master Limited Partnership (or “MLP”) without a reasonable basis for the recommendation, you may be able to recover losses through arbitration before the Financial Industry Regulatory Authority (“FINRA”). Recently, a three-member all public FINRA arbitration panel ordered RBC Capital…
Breitburn Energy Partners, L.P. (“Breitburn”) is an independent oil and gas exploration company, headquartered in Los Angeles, CA, with a corporate office in Houston, TX. Structured as a master limited partnership (“MLP”), Breitburn and its subsidiaries are engaged in the acquisition, exploitation, and development of properties in the United States…