Oh well, back to the drawing board -
Hercules Ch. 11 Trial Judge Suggests Renewed Negotiations
By Jeff Montgomery
Wilmington (September 27, 2016, 6:46 PM EDT) -- Hercules Offshore Inc.’s contested bankruptcy confirmation hearing ended Tuesday with a court suggestion to resume settlement talks on a Chapter 11 plan repeatedly attacked by stockholders as the unfair product of a suspicious business failure.
U.S. Bankruptcy Judge Kevin Carey closed out the Delaware hearing and trial, which began Thursday, without making an immediate confirmation decision or hearing final arguments. Instead, the judge held a private, 15-minute meeting with attorneys for the company, lenders, creditors and stockholders who participated in earlier efforts to reach a compromise...
