Retail Supplier Settles Suit From Defunct Supplier's Trustee For $100,000
November 19,2018
Seth Energy and parent Shipley Energy have reached a settlement with a trustee of the defunct Worley & Obetz under which Shipley will pay $100,000 to resolve allegations it used Worley & Obetz assets without permission, according to LancasterOnline.com
Shipley and Seth Energy were alleged to have used Worley & Obetz’s customer list, vehicles and offices without approval or payment
A spokesperson for Shipley and Seth Energy denied the allegations but told LancasterOnline.com that they agreed to a settlement due to the prohibitive cost of litigation