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Practices

Trico Marine Services

The firm as cocounsel represented the creditors’ committee of Trico Marine Services and related affiliates in their chapter 11 bankruptcy case in Delaware. Trico Marine is a provider of subsea, trenching, and marine support vessels and services primarily to oil and natural gas exploration and production companies. The firm played a pivotal role in negotiating a liquidating plan that provides for a pro rata sharing by unsecured creditors of certain asset sale proceeds, revenues from the liquidating businesses, and recoveries from avoidance actions and other causes of action.