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Boomerang Tube, LLC

  1. December 07, 2017

    SM Energy Seeks Reopening Of Boomerang Tube Ch.11 Case

    Oil and gas company SM Energy Co. on Wednesday asked a Delaware bankruptcy court to reopen the Chapter 11 case of pipeline manufacturer Boomerang Tube LLC, in order to modify the plan's discharge injunction so SM Energy can sue Boomerang over busted piping that cost it $9 million.

  2. January 29, 2016

    Brown Rudnick Denied Fee Fight Costs In Boomerang Ch. 11

    A Delaware bankruptcy judge overseeing the Boomerang Tube LLC Chapter 11 proceedings on Friday refused to sign off on applications from Brown Rudnick LLP and Morris Nichols Arsht & Tunnell LLP for expenses incurred in defending their fees, saying the requested awards aren't permissible under the Bankruptcy Code.

  3. January 27, 2016

    Boomerang Tube Ch. 11 Plan Confirmed On 2nd Try

    A Delaware bankruptcy judge on Wednesday agreed to confirm Boomerang Tube LLC's revised Chapter 11 plan after the oil and gas pipe maker freed up nearly $2.3 million for unsecured creditors, who had been fierce opponents of the restructuring strategy that the court rejected in November.

  4. January 26, 2016

    Boomerang Says Meta-Fee Issue In Ch. 11 Plan Resolved

    Boomerang Tube said Monday that its unsecured creditors committee has resolved a dispute with the U.S. trustee over language in the Chapter 11 plan that the bankruptcy watchdog said would violate a U.S. Supreme Court rule that prevents attorneys from recovering costs for defending the fees they charge.

  5. January 21, 2016

    Trustee Fights Meta-Fee Provision In Boomerang Ch. 11 Plan

    A U.S. bankruptcy watchdog objected Thursday to pipe maker Boomerang Tube's proposed reorganization plan, telling a Delaware bankruptcy judge that it contains a provision that appears to run around the Supreme Court's ban on debtors covering the cost to defend attorneys' fees.

  6. January 04, 2016

    Boomerang Seeks Another Ch. 11 Exclusivity Extension

    With a freshly reworked Chapter 11 plan out for creditor voting, pipe maker Boomerang Tube LLC has asked a Delaware bankruptcy judge for a second 90-day extension of the company's uncontested control over its reorganization.

  7. November 30, 2015

    Boomerang Tube Ch. 11 Exit May Now Cost $40M, Judge Told

    Boomerang Tube LLC and its lenders told a Delaware bankruptcy judge Monday that exiting Chapter 11 might cost roughly $40 million and at least two weeks were needed to continue hammering out an alternative after the court rejected the oil and gas pipe maker's reorganization plan last month.

  8. November 09, 2015

    Boomerang Tube Judge Won't Confirm Ch. 11 Plan

    A Delaware bankruptcy judge rejected oil and gas pipe maker Boomerang Tube LLC's Chapter 11 plan Monday, siding with protesting unsecured creditors who argued that the enterprise value of the company did not jibe with a reorganization strategy that left them with practically no recovery.

  9. September 22, 2015

    Boomerang Tube Valued Differently From Rivals, Adviser Says

    Boomerang Tube LLC's unsecured creditors grilled the oil rig pipe maker's financial adviser Tuesday in a confirmation hearing on its Chapter 11 plan to swap more than $200 million in secured debt for equity which the committee says will leave its constituents mostly out of the money.

  10. September 21, 2015

    Boomerang Tube Kicks Off Ch. 11 Confirmation Push

    Oil and gas pipe maker Boomerang Tube LLC on Monday kicked off its push for confirmation of a Chapter 11 plan that aims to swap more than $200 million in secured debt for equity, but is facing stiff opposition from unsecured creditors that say they're being shorted on their recoveries.

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