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Seaborn Puts Undersea Cable Owner Into Bankruptcy | Distressed Hedge Funds Take a Hit | Alta Mesa Loses Bankruptcy Contract Fight

researchsnappy by researchsnappy
December 24, 2019
in Advertising Research
0
Seaborn Puts Undersea Cable Owner Into Bankruptcy | Distressed Hedge Funds Take a Hit | Alta Mesa Loses Bankruptcy Contract Fight
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Good day. Seaborn Networks, which operates sub-ocean internet cables, put the owner of a fiber-optic cable system into chapter 11 bankruptcy. Hedge-fund firms York Capital Management and Southpaw Asset Management are barring clients from getting back all of the money they have requested for year-end. And a bankruptcy judge ruled against Alta Mesa Holdings LP in its contract fight with a pipeline company, a decision could boost other midstream service providers in contract disputes with bankrupt oil-and-gas companies.

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