Equity Committee: Contract Cannot Be Rejected Under Bankruptcy Code

WILMINGTON, Del. - The Official Committee of Equity Security Holders of bankrupt Tri-Valley Corp. (TVC) on March 12 filed a brief in the U.S. Bankruptcy Court for the District of Delaware contending that the Bankruptcy Court should rule that an agreement between TVC and another party is not an executory contract; therefore, it cannot be rejected pursuant to the Bankruptcy Code (In Re: Tri-Valley Corporation, No. 12-12291, Chapter 11, D. Del. Bkcy.)....(read more)