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IN RE LEXINGTON OIL AND GAS LTD., CO.

Bankruptcy No. 08-80228. Adversary No. 08-08029.

423 B.R. 353 (2010)

In re LEXINGTON OIL AND GAS LTD., Company, Oak Hills Drilling and Operating LLC, Debtors. Gerald R. Miller, Trustee, Plaintiff, v. James C. Dow, Alexander Cox, and Grant Atkins, Defendants.

United States Bankruptcy Court, E.D. Oklahoma.

January 27, 2010.

Attorney(s) appearing for the Case

Patrick J. Malloy, III, Malloy Law Firm, P.C., Tulsa, OK, Richard M. Paul, III, Ashlea Schwarz, Stueve Siegel Hanson LLP, Kansas City, MO, for Plaintiff.

Carl J. Carlson, Carlson & Dennett, P.S., Seattle, WA, Timothy T. Trump, Conner & Winters, Tulsa, OK, for Defendants.

MEMORANDUM OPINION

TERRENCE L. MICHAEL, Bankruptcy Judge.

Investing is a risky business. Investment opportunities come in all sizes, shapes, and colors. At one end of the risk spectrum lies shareholder equity, or stock. In most cases, stock holders have the most to gain and to lose: if the business succeeds, they stand to receive a monumental return on their investment. This is the stuff of which fortunes are made. However, if the business fails,...

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