Paragon shareholder cannot reopen $ 2.4 billion restructuring plan


By Christopher Crosby (Oct 8, 2021, 3:06 p.m. BST) – A shareholder in an offshore drilling company has found itself at a dead end in its attempts to claim compensation following a $ 2.4 billion restructuring dollars, as a London court ruled on Friday that it could not challenge the findings that his administration had ended.

Judge Sarah Falk denied Michael Hammersley leave in the High Court to appeal a ruling that the directors of Deloitte LLP discharged their obligations by overseeing the restructuring of Paragon Offshore PLC.

Hammersley, a U.S. shareholder, had argued that the directors did not leave some $ 700 million during the restructuring process for potential claims filed by shareholders who should have paid …

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