Listen to my oral argument to the U.S. Court of Appeals in the Ocean Rig U.S. bankruptcy case
American court hearing recordings and interviews19 Kesä

Listen to my oral argument to the U.S. Court of Appeals in the Ocean Rig U.S. bankruptcy case

Hey! I'd love to hear your thoughts, send me a voice note.

This is from a few years ago, when I was a shareholder in a publicly traded company in the U.S. called Ocean Rig & I litigated to lift the injunction that stopped shareholders from suing for fraud. Ocean Rig was acquired by Transocean as part of the Ocean Rig bankruptcy in the U.S., which was not disclosed to shareholders in Ocean Rig,

Transocean was featured in the movie Deepwater Horizon, which is about the explosion of a rig in the Gulf of Mexico designed to operate in deep water and drill down tens of thousands of feet. Here's a link to the trailer:

https://youtu.be/S-UPJyEHmM0?si=Jy5Uv00xgLWSPQ-1

The Transocean share price went up after Transocean acquired Ocean Rig, but I think many shareholders in Ocean Rig, myself among them, never wanted to become shareholders in Transocean and would not have invested in Ocean Rig knowing it was to be acquired by Transocean.

This was all a few years ago. The appellate court ruled against me on the basis I lacked "appellate standing" even though I was an American shareholder in an American publicly traded company enjoined from suing by an American bankruptcy court order. Let's hope chapter 15 bankruptcy cases like Ocean Rig's, make their way to the U.S. Supreme Court so that shareholders aren't put in this position in the future, where we're duped and cannot sue for fraud because an American court enters an injunction.

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Jaksot(287)

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Hey! I'd love to hear your thoughts, send me a voice note.--

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