McDermott Shareholder Avoids Sanctions for Alleged Threats

March 25, 2020, 4:04 PM

The bankruptcy judge presiding over McDermott International Inc.'s Chapter 11 case denied the company’s emergency motion to sanction a disgruntled shareholder, while at the same time barring him from contacting court staff or the debtor’s counsel.

In a March 23 order, Judge David R. Jones of the U.S. Bankruptcy Court for the Southern District of Texas said the court had concerns about shareholder Michael Van Deelen’s “mental stability” and concluded that he “poses a legitimate risk to the safety of courthouse staff and litigants that oppose his position.”

McDermott’s March 17 motion alleged that Van Deelen engaged in “harassing and ...

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