With Few Options Left, Cal Dive Shifts To Ch. 7 In Del.

Law360, Wilmington (March 8, 2017, 7:25 PM EST) -- Undersea oil and gas exploration company Cal Dive International Inc. scuttled remnants of its 2-year-old Chapter 11 on Wednesday, securing a Delaware judge's approval to convert the case to Chapter 7 liquidation and hand remaining operations over to a trustee.

Cal Dive attorney Suzzanne S. Uhland of O'Melveny & Myers LLP told U.S. Bankruptcy Judge Christopher S. Sontchi the decision followed a long effort to first pare down and reorganize the Houston-based company and then sell off its assets through Chapter 11.

"At this time, the debtors have no continuing material business purpose other than the administration of a handful of litigation...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!