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Hercules Shareholder Says Ch. 11 Sell-Off Plan Unnecessary

By Jeff Montgomery (June 7, 2016, 9:01 PM EDT) -- Hercules Offshore Inc.'s bid for a quick Chapter 11 sell-off hit a snag Tuesday when a Delaware judge adjourned the oil and gas production company's initial hearing after an attorney for major shareholder Centerbridge Partners LP said that the plan "doesn't pass the smell test" and will needlessly liquidate a viable company....

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