I suspect the answer lies in the first two questions. Moore was looking for a 50 million settlement. Unlikely he took nothing as settlement. What assets did TPL have that are worth all that much?

With Chapter 11 DL risks losing his most valuable asset to creditors. Either (1) DL is sure that this maneuver is simply to allow some financial breathing room and there is no chance that he will lose MMP ownership OR (2) TPL's interest in the MMP is presently small enough as not to matter to him. Even though other scenarios can exist, I see one of these as most likely.

Looking at the two scenarios and assuming that Moore got something close to what he was looking for, I come away with scenario (2) as being the most likely.

Doesn't TPL have to file a listing of TPL's assets farily soon? Anyone know how soon? That filing may go a long way to explaining the plan.

Opty