OGX Minority Creditors Sought by Law Firm for Counter Committee

Overview


Timothy Walsh was noted as leading McDermott’s organizing of a group to represent minority creditors in OGX Petroleo & Gas Participacoes SA after the investors were left out of the Brazilian oil producer’s reorganization talks. A McDermott statement declared, “The current plan agreed to by OGX and the ad-hoc committee of majority bondholders will result in discriminatory treatment of minority bondholders, who were not part of the negotiations.”