Bristow Group Inc (VTOL)

[mdimport]

There were reports of the creditor ad hoc committee led by GVIC threatening to sue $BRS for not considering their plan prior to entering Chapter 11.

There's a point (around $0.01) where it becomes more cost-effective for the bondholders to give a percentage of the company to existing shareholders. Basically the time, cost, and damage of litigation are outweighed by the benefits of settling out of court.

So far $BRS management has not put forth an offer, so the movement in share price has no bearing on anything.