David Bennett & Cassandra Shoemaker Mentioned in Law360 on Endeavour Bankruptcy

“Endeavour Says Oil Price Drop Throws Prepack Into Doubt”

Cratering energy prices have jeopardized an agreement for Endeavour International Corp. to extinguish $568 million in debt and turn creditors into shareholders, the bankrupt oil and gas company said Friday while asking for more time to retain control of its Chapter 11.

Endeavour asked U.S. Bankruptcy Judge Kevin Carey to relax the deadline for it to offer up a restructuring proposal until June 8, a four-month extension of its so-called exclusivity period.