Superior Offshore asks for court approval to terminate Nasdaq registration

By Jennifer Lanning Drey

Portland, Ore., May 13 - Superior Offshore International, Inc. requested court approval to terminate its registration with Nasdaq after being delisted from the exchange for failing to file its form 10-K for the period ended Dec. 31 with the Securities and Exchange Commission, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of Texas.

The company said until the registration is terminated, it remains obligated to file reports required by Nasdaq that Superior Offshore is no longer able to file.

Superior Offshore said as a public company with less than 300 recorded shareholders, it is entitled to voluntarily terminate its Nasdaq registration.

Superior Offshore, a Houston-based provider of subsea construction and commercial diving services to the crude oil and natural gas exploration and production industries and gathering and transmission industries, filed for bankruptcy on April 24. Its Chapter 11 case number is 08-32590.

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