trending Market Intelligence /marketintelligence/en/news-insights/trending/ZZ9-kUAwSLpM1RWleLXlYQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Former Blackjewel CEO says probe into financial transactions broad, unsupported

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Former Blackjewel CEO says probe into financial transactions broad, unsupported

Former Blackjewel LLC President and CEO Jeff Hoops will provide an in-depth response to the investigation into his financial transactions, which was requested by the company and a committee of its unsecured creditors, by Jan. 21, according to a new court filing.

The company asked the U.S. Bankruptcy Court for the Southern District of West Virginia on Jan. 9 to authorize an investigation into financial transactions involving Hoops and related parties. Blackjewel and its creditors wrote to the court that the "woefully insolvent" status of the company leading to its bankruptcy in 2019 was due to Hoops transferring tens of millions of dollars worth of assets for the benefit of himself, his family and related entities over several years.

An attorney for Hoops wrote that Blackjewel and the unsecured creditors did not identify any specific transactions they seek to investigate. However, they said Blackjewel and the creditors based the request on "unsupported general reactions and hyperbole." They also said the inquiry seeks "extraordinarily broad, and in the case of financial information nearly limitless discovery from Mr. Hoops."

"The scope and breadth of the discovery sought ... goes far beyond the bounds of any legitimate inquiry into the operations and business of the debtors, and the entities' and individuals' involvement in or knowledge of the debtors' operations and business," the filing stated.

The motion for discovery included several companies associated with Hoops as well as several other related individuals.

Hoops was ousted from Blackjewel in July 2019 as part of a deal to finance the company's restructuring. Hoops' initial plan to finance the bankruptcy failed and led to operations being temporarily idled.