Weatherford International plan confirmation order appealed by Gamco

By Caroline Salls

Pittsburgh, Nov. 1 – Weatherford International plc’s plan of reorganization confirmation hearing was appealed Thursday by shareholder Gamco Asset Management, Inc., according to a notice filed with the U.S. Bankruptcy Court for the Southern District of Texas.

The second amended plan was confirmed on Sept. 11.

Gamco said in the notice that it was appealing “on its own behalf and on behalf of a putative class of current and former common shareholders.”

Weatherford is an oilfield services company based in Baar, Switzerland. The company filed bankruptcy on July 1 under Chapter 11 case number 19-33694.

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