SemGroup hearing on settlement with J. Aron continued to Dec. 9

By Jennifer Lanning Drey

Portland, Ore., Nov. 24 - SemGroup, LP's hearing on its proposed settlement with J. Aron & Co. was continued to Dec. 9 by the U.S. Bankruptcy Court for the District of Delaware, according to a Monday filing.

As previously reported, under the settlement, SemGroup is slated to receive an $89.78 million payment in connection with an energy trading transactions claim dispute.

The hearing was originally scheduled for Nov. 24.

SemGroup, a Tulsa, Okla., privately held limited partnership that provides midstream services to North America's energy industry, filed for bankruptcy on July 22. Its Chapter 11 case number is 08-11525.

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