January 14, 2013
After a Texas bankruptcy judge refused Monday to approve Greek oil shipper Omega Navigation Enterprises Inc.'s proposed settlement with its current CEO and largest shareholder, Omega sought permission to sell off three investments companies and their subsidiaries. (Correction: A previously published version of this article incorrectly said the senior lender settlement was not approved, and misstated the number of ships the investment companies have a stake in. The errors have been corrected.)
January 04, 2013
Two junior secured creditors of Greek oil shipper Omega Navigation Enterprises Inc. on Thursday objected to motions in Texas bankruptcy court to approve settlements with senior lenders and insiders, saying a proposal to give away three Omega investments companies to principal George Kassiotis is unfair.
October 03, 2012
A Texas bankruptcy judge on Tuesday greenlighted a move by unsecured creditors of Greek oil shipper Omega Navigation Enterprises Inc. to use confidential business information to solicit new plan alternatives from third parties who may be interested in buying its assets.
September 11, 2012
Unsecured creditors of Omega Navigation Enterprises Inc. on Tuesday slammed the Greek oil shipper's Chapter 11 reorganization plan, telling a Texas bankruptcy judge they were unfairly excluded from plan negotiations.