November 2, 2017 / 9:29 PM / a year ago

Judge smacks down bid for Seadrill shareholder committee

The judge overseeing Seadrill Ltd’s bankruptcy on Wednesday rejected a bid by a shareholder to get an official equity committee appointed in the offshore drilling contractor’s case, rebuking the effort as a waste of time and resources.

Judge David Jones of the Bankruptcy Court in Houston also said at a hearing that had the shareholder been a lawyer, he could be facing sanctions.

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