Do More With Reuters
Partner Services

UPDATE 1-Freeh says ex-SemGroup CEO claims 'inaccurate'

Tue Apr 28, 2009 10:44pm IST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK, April 28 (Reuters) - U.S. Bankruptcy court- appointed examiner Louis Freeh fired back on Tuesday at a statement from former SemGroup LP [SEMGP.UL] CEO Thomas Kivisto, calling criticism of his report "inaccurate and misleading."

Freeh, a former FBI director, had filed a 258-page report with the court earlier this month blaming Kivisto and other top executives at SemGroup for the company's fall into bankruptcy by lying about its liquidity and mismanaging its trading activities .

But Kivisto's lawyer issued a statement on Monday blaming the collapse of SemGroup, once the 14-largest U.S. private company, on the company's lenders, not trading activities directed by Kivisto.

"While it is interesting to read what amounts to Mr. Kivisto's lawyers' 'Letter to the Editor,' I would have preferred to have Mr. Kivisto's testimony under oath, which he and his counsel declined to provide," Freeh said in a statement.

"Their press release is inaccurate and misleading on the whole and it fails to address the central findings of the (report)." (Reporting by Matt Daily and Emily Chasan; Editing by Andre Grenon)

  Smoke and fire billows out of the Taj Hotel in Mumbai November 27, 2008.   REUTERS/Jayanta Shaw
One Year Later

A look back at the events of 26/11 ahead of the first anniversary of the militant attacks in Mumbai that killed 166 people.  Slideshow | Full Coverage 

Thierry Henry's handball scandal

Barcelona's Thierry Henry takes part in a training session at Nou Camp Stadium in Barcelona, November 23, 2009. Barcelona and Inter Milan will play their soccer Champions League match on Tuesday. REUTERS/Albert Gea
FIFA to hold meeting

FIFA to hold an extraordinary meeting before World Cup draw to discuss Thierry Henry's handball in the qualifiers and discovery of match-fixing ring by German police.  Full Article