May 10, 2021

Ocean Rig UDW Inc. announces decision by Highland Capital Management LP not to pursue objections to recognition of Cayman Proceedings by U.S. Bankruptcy Court

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Highland has advised that it will not object to the Company’s request for recognition of the Cayman Proceedings by the U.S. Bankruptcy Court; Highland has notified the Company and the U.S. Bankruptcy Court of its immediate cessation of all discovery efforts in connection with potential objections to recognition; Support for schemes of arrangement exceeds 90% […]