Fifth Circuit Sinks Great Lakes Dredge & Dock’s Jones Act Challenge
The U.S. Fifth Circuit Court of Appeals has upheld a ruling against Great Lakes Dredge & Dock Company (GLDD) in its challenge to a U.S. Customs and Border Protection (CBP)...
OSG says there’s no reason to worry about the company’s operations. It’s going to be a rare case where a firm won’t need bankruptcy financing while OSG “expects to generate significant cash flow while in Chapter 11.”
Shares, inactive premarket, are down more than 80% the past month amid bankruptcy-filing fears.
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