Try our Advanced Search for more refined results

Tuscany International Holdings (U.S.A.) Ltd.

  1. May 19, 2014

    Tuscany Gets Nod On Ch. 11 Plan With Debt-For-Equity Swap

    Alberta, Canada-based Tuscany International Drilling Inc. got the green light from a Delaware bankruptcy court Monday, for a Chapter 11 plan that will see lenders swap up to $155 million in debt to acquire the reorganized oilfield services company.

  2. May 15, 2014

    US Trustee Blasts 'Broad' Releases In Tuscany's Ch. 11 Plan

    The U.S. trustee's office took exception late Wednesday to Tuscany International Drilling Inc.'s Chapter 11 plan, arguing that it can't be confirmed with its "overly broad" releases and that a plan supplement doesn't include enough information about the consortium proposed to buy the debtor's assets.

  3. May 06, 2014

    Landis Rath & Cobb To Rep Shareholders In Tuscany Ch. 11

    A Delaware bankruptcy judge on Tuesday allowed the equity committee in Tuscany International Drilling Inc.'s case to retain Landis Rath & Cobb LLP beyond the conclusion of its auction, over the objections by the debtor and the agent for its senior secured debt, who argued it would be too expensive.

  4. April 08, 2014

    Tuscany Drilling Gets Nod On Ch. 11 Disclosure Statement

    A Delaware bankruptcy judge on Tuesday said that he would approve Tuscany International Drilling Inc.'s disclosure statement, allowing it to solicit votes for its Chapter 11 plan, now that secured lenders looking to make a stalking horse bid for the company had signed an asset purchase agreement.

  5. April 07, 2014

    Tuscany Drilling's Ch. 11 Disclosure Needs Sale Accord: Judge

    Approval of Tuscany International Drilling Inc.'s disclosure statement for its Chapter 11 plan remained in limbo Monday after a Delaware bankruptcy judge said he would not OK the document without a signed asset purchase agreement from secured lenders expected to make a stalking horse bid for the company.

  6. April 02, 2014

    Tuscany Drilling Ch. 11 Disclosure Lacks Info: Shareholders

    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.

  7. March 21, 2014

    Bankrupt Tuscany Drilling Gets OK For Sale Plan, $70M DIP

    A Delaware bankruptcy judge gave the thumbs up Friday to a $70 million debtor-in-possession loan for Tuscany International Drilling Inc., as well as a restructuring support agreement with the bulk of its lenders, indicating he would approve the debtor's sale plan despite objections from the equity committee.

  8. March 17, 2014

    Equity Holders Say Tuscany Mum On Ch 11 Sale Plan

    The newly formed equity committee in the Tuscany International Drilling Inc. Chapter 11 contended in Delaware bankruptcy court Monday that it is being "stonewalled" by the debtor regarding information about the company's plan to sell its assets in a stalking horse auction.

  9. February 26, 2014

    Tuscany Drilling Slammed Over Ch. 11 Strategy

    Tuscany International Drilling Inc. was hit with criticism on two fronts Wednesday in its Delaware Chapter 11 proceeding, with the U.S. trustee's office blasting a request to waive notice requirements for some South American creditors, while equity holders took issue with the case's proposed speed.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!