Deals
Samson CEO Randy Limbacher Resigns Amid Bankruptcy Setbacks
- Limbacher will leave in December, lawyer for company says
- Departure comes as company negotiates restructuring deal
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Samson Resources Co. Chief Executive Officer Randy Limbacheris leaving amid disarray in the oil and gas driller’s bankruptcy case.
Limbacher will leave in December, Joshua Sussberg, a lawyer for the company, told a bankruptcy judge at a hearing Thursday in Wilmington, Delaware. Sussberg opened the session telling the judge that Samson’s reorganization effort had suffered a setback because of “several negative things that have happened.”