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Price Oil

Price Oil and its affiliates supply gasoline fuel to approximately 100 convenience store owners and operators throughout Alabama and the Florida panhandle. The firm, as counsel to the creditors' committee, was successful in negotiating a global settlement by and among the lender, the debtors, major fuel supply companies, and other parties in interest. Unsecured creditors should receive a substantial recovery and other consideration,funded by the proceeds of the sale of the debtors' fuel contracts and other distribution assets.