Paragon Offshore equityholders appeal court’s plan confirmation order

By Caroline Salls

Pittsburgh, June 21 – Paragon Offshore plc equityholders Michael Hammersley and Marcel de Groot appealed the order confirming the company’s fifth joint Chapter 11 plan, according to a notice filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The plan was confirmed on June 7.

Paragon, a Houston-based provider of offshore drilling rigs, filed for bankruptcy on Feb. 14, 2016. The Chapter 11 case number is 16-10386.

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