U.S. trustee opposes committee for bankrupt Seadrill's shareholders [Reuters]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Reuters
U.S. trustee opposes committee for bankrupt Seadrill's shareholders | Reuters 1 Min Read The U.S. government’s bankruptcy watchdog on Thursday said an investor with 58,000 Seadrill Ltd shares has failed to make a convincing case for appointing a committee to represent stockholders in the offshore drilling contractor’s bankruptcy. Equity committees are rarely appointed in Chapter 11 bankruptcy cases because debtors are generally considered insolvent. Debtors have to pay for an official committee’s professionals, which would leave less money to repay creditors. To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2xTJDKs All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2017 Reuters. All Rights Reserved. U.S. trustee opposes committee for bankrupt Seadrill's shareholders The U.S. government’s bankruptcy watchdog on Thursday said an investor with 58,000 Seadrill Ltd shares has failed to make a convincing
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