Former Energy XXI Ltd. CEO John D. Schiller Jr., who was ousted after the board determined he had hidden $10 million in loans to finance a lavish lifestyle, has agreed to pay a $180,000 fine and will not be allowed to serve as an officer or director for any public companies following an investigation by the Securities and Exchange Commission (SEC).
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Energy XXI Files Bankruptcy Restructuring Plan, Capping Months of Uncertainty
Energy XXI Ltd., close to $3 billion in debt, on Thursday filed a restructuring plan for voluntary bankruptcy protection, ending months of uncertainty about the Gulf of Mexico-focused operator.
April 14, 2016
Energy XXI Files Bankruptcy Restructuring Plan, Capping Months of Uncertainty
Energy XXI Ltd., close to $3 billion in debt, on Thursday filed a restructuring plan for voluntary bankruptcy protection, ending months of uncertainty about the Gulf of Mexico-focused operator.
April 14, 2016
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