Stallion Set To Gallop Out Of Bankruptcy

Law360, New York (January 13, 2010, 4:03 PM EST) -- Stallion Oilfield Services Ltd. will ride out of bankruptcy court following a judge's confirmation of the company's Chapter 11 reorganization plan.

Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware confirmed the plan Monday, saying that even though one class of impaired creditors objected to the plan it still met all requirements under the Bankruptcy Code.

Indeed, Judge Shannon said confirming the plan was “an easy call” because Stallion had the unanimous support of its creditors, according to a report in...
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