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2nd Circ. Denies Reed Smith Relief In Eletson Discovery Feud

By Emily Lever · November 3, 2025, 8:16 PM EST

The Second Circuit has rejected a bid from Reed Smith to pause a lower court ruling ordering the new owner of international shipping company Eletson Holdings to turn over documents requested...

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Bankruptcy Scorecard

Summary

Greek oil and gas shipper Eletson was forced into bankruptcy by a group of noteholders who said the company had stopped paying its debts. The creditors and the company have filed competing reorganization plans.

Case Number

23-bk-10322

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

Eletson and the petitioning creditors have given different debt estimates. Eletson estimates it has $182.6 million of debt that would at most be $502.8 million if the court upholds the unsecured noteholder claims. Claims filed in the case, including a number of disputed claims, listed in the creditors' competing Chapter 11 plan add up to over $776 million.

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Documents

Related Sections

Case Information

Case Title

Eletson Holdings Inc. et al v. Levona Holdings Ltd.

Case Number

1:23-cv-07331

Court

New York Southern

Nature of Suit

Other Statutes: Arbitration

Date Filed

August 18, 2023

Case Title

Eletson Holdings Inc.

Case Number

1:23-bk-10322

Court

New York Southern

Nature of Suit

Date Filed

March 07, 2023

Case Title

Eletson Holdings Inc. v. Levona Holdings Ltd.

Case Number

25-445

Court

Appellate - 2nd Circuit

Nature of Suit

Date Filed

February 26, 2025

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