Bankrupt Cal Dive Launches $20M Clawback Campaign

Law360, Wilmington (March 2, 2017, 10:03 PM EST) -- The bankruptcy estate for defunct undersea oil drilling services firm Cal Dive International Inc. launched a campaign of avoidance actions Thursday looking to claw back more than $20 million in payments made before the now-liquidating company filed for Chapter 11 protection.

Nearly 150 avoidance actions flooded the Delaware bankruptcy court docket Thursday from Cal Dive counsel The Rosner Law Group LLC, seeking what are known as preference payments, monetary transfers made during the 90-day period before the debtor entered court protection.

The total amount sought exceeds $20 million and could push higher as more adversary actions are piled into the Cal...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


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!