FacebookLinkedInBy Matt Chiappardi
Law360, Wilmington (April 02, 2014, 7:31 PM ET) -- The equity committee in Tuscany International Drilling Inc.'s bankruptcy blasted the debtor's Chapter 11 plan disclosure statement Wednesday, arguing in Delaware bankruptcy court that it doesn't provide enough information and contending it will likely have to be changed as the shareholders work to open up the sale process.
In a motion before the Delaware bankruptcy court, the official committee of equity security holders argued that the disclosure statement is missing all sorts of information needed in order to pass muster under the Bankruptcy Code, including finalized...
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