Wells Fargo defends $110m bankruptcy package for Emerald Oil

Wells Fargo has defended itself in a Delaware court its $110m bankruptcy financing package for Emerald Oil that has recently been pounced on by the debtor's unsecured creditors, warning that if the package is not approved, the oil company faces liquidation.

By Jonathan Randles (April 25, 2016, 7:55 PM EDT) -- Wells Fargo Bank N.A. on Sunday defended a $110 million bankruptcy financing package for Emerald Oil Inc. that has recently been attacked by the debtor's unsecured creditors, telling a Delaware bankruptcy judge that if the current funding package isn't approved, Emerald faces liquidation....

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