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ATP shares suspended amid shift to liquidation

The US Securities & Exchange Commission (SEC) has suspended over-the-counter trading of shares of bankrupt ATP Oil & Gas after the trustee of its liquidation process sued company executives over "reckless" spending and management.

Octobuoy project: Trustee alleges company pursued project despite financial difficulties and lack of cash flow
Octobuoy project: Trustee alleges company pursued project despite financial difficulties and lack of cash flow
Published 20 August 2014, 22:17Updated 11 October 2016, 16:22