Articles Tagged with William D. Griffin

SEC Files Complaint Against Matthew C. Griffin and William D. Griffin Over Alleged Misrepresentations Concerning Payson Petroleum Offerings

November 3, 2017 | Silver Law Group

Our attorneys are investigating Matthew C. Griffin and William D. Griffin after the SEC alleged the Griffins made misrepresentations concerning Bartonville, Texas-based Payson Petroluem, Inc. offerings.

The SEC Files a Complaint Against Matthew and William Griffin

In November 2016, the SEC filed a complaint against the Griffins, who are brothers. According to the complaint, Matthew Griffin was the founder, sole owner, president, and CEO of Payson Petroleum, Inc. His brother, William Griffin, was Payson Petroleum’s Chief Administrative Officer and a member of the board of directors.

Payson Petroleum, based in Bartonville Texas, and its Private Offerings Under Investigation After Payson Companies Declare Bankruptcy

November 3, 2017 | Silver Law Group

Our attorneys are investigating Bartonville, Texas-based Payson Petroleum, Inc. and Payson Operating, LLC after the two companies declared bankruptcies, leaving unsecured investors holding over $20 million in losses.

Payson Petroleum and Payson Operating Files for Bankruptcy

Payson Petroleum and Payson Operating filed for chapter 7 bankruptcy in June 2016. The bankruptcy was later converted to a chapter 11 bankruptcy. According to the bankruptcy trustee, neither Payson Petroleum nor Payson Operating will have the funds to pay its unsecured creditors after administrative expenses are paid.