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Sea Launch Company Emerges From Chapter 11
LONG BEACH, Calif., October 27, 2010 – Sea Launch Company has successfully completed its Chapter 11 reorganization process, effective October 27, 2010. As part of the court-approved Plan of Reorganization, Energia Overseas Limited (EOL), a Russian corporation, will have acquired a majority ownership of the reorganized Sea Launch entity.
The Plan of Reorganization was approved by Judge Brendan Shannon, in the U.S. Bankruptcy Court in Wilmington, Delaware, on July 27, 2010. The successor entity, Sea Launch S.a.r.l., will be responsible for corporate functions at its operations headquarters and will maintain some assets at Sea Launch Home Port, in the Port of Long Beach, in Southern California.
Originally posted by greeneyedleo
Originally posted by arcnaver
reply to post by greeneyedleo
he is not worried at all. he is laughing at all the drama over it. but that is because he knows what it is.
im sorry and really wish i could get more info....if i hear anything more, i will most certainly post it.
I find it kind of disturbing that the right hand has no idea what the left hand is doing. If this is some sort of a test of something, other departments of the military and/or defense departments should know about it. There should be no drama. :shk:edit on 9-11-2010 by snowspirit because: Cause I can't get out of this box