Trigeant contested case issues to be mediated on April 14, April 15

By Caroline Salls

Pittsburgh, April 8 – Trigeant Holdings Ltd. and consenting owners Harry Sargeant II, Daniel Sargeant and James Sargeant obtained approval from the U.S. Bankruptcy Court for the Southern District of Florida to refer all contested matters in Trigeant’s bankruptcy case, including all plan confirmation issues, to mediation, according to a Wednesday court filing.

The mediation will also cover issues arising in specified adversary proceedings.

Under current circumstances, the Trigeant debtors and consenting owners said they expect the plan confirmation hearing scheduled to begin on May 4 to be contested.

In an effort to determine whether a global resolution of the plan confirmation and other matters can be reached, the parties said they are prepared to mediate all outstanding issues between them and Harry Sargeant III, BTB Refining LLC, PDVSA Petroleo, SA and other interested parties.

The mediation will take place on April 14 and April 15. Scott Silverman was chosen by the parties as mediator.

Trigeant, a Boca Raton, Fla.-based petroleum company, filed for bankruptcy on Aug. 25, 2014. The Chapter 11 case number is 14-29027.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.