IN RE PARAGON OFFSHORE PLC

Case No.: 16-10386 (CSS), Adv. Proc. No. 17-51882(CSS).

598 B.R. 761 (2019)

IN RE: PARAGON OFFSHORE PLC, et al., Debtors. Paragon Litigation Trust, Plaintiff, v. Noble Corporation PLC, Noble Corporation Holdings Ltd, Noble Holding International (Luxembourg) S.A.R.I., Noble FDR Holdings Limited, Ashley Almanza, Julie H. Edwards, Gordon T. Hall, Jon A. Marshall, James A. MacLennan, Mary P. Ricciardello, Julie J. Robertson, and David Williams, Defendants.

United States Bankruptcy Court, D. Delaware.

Signed March 11, 2019.


Attorney(s) appearing for the Case

SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP, Anthony W. Clark , Mark McDermott (Argued), One Rodney Square, P.O. Box 636, Wilmington, DE 19899-0636 -and- George A. Zimmerman , Lauren E. Aguiar , Four Times Square, New York, NY 10036-6522, -and- Wallis M. Hampton , 1000 Louisiana Street, Suite, 6800, Houston, TX 77002-5026, Counsel for the Defendants.

YOUNG, CONAWAY STARGATT & TAYLOR, LLP, Pauline K. Morgan , Joel A. Waite , Jaime Luton Chapman , Michael S. Neiburg , 1000 North King Street, Willmington, DE 19801, -and- JONES DAY, Bruce Bennett , James O. Johnston , 555 South Flower Street, 50th Floor, Los Angeles, CA 90071, -and Gregory M. Simmaker , David S. Torborg , 51 Louisiana Avenue, N.W., Washington, DC 20001, and- Jennifer L. Del Medico , Genna L. Ghaul , 250 Vesey Street, New York, New York 10281, KIRKLAND & ELLIS LLP, Jeffrey Zeiger , David Zott (Argued) , 300 North LaSalle, Chicago, IL 60654, Counsel to Paragon Litigation. Trust.


OPINION1

INTRODUCTION

The Bankruptcy Code has its origins in the Constitution itself. Article I authorizes Congress to pass "uniform laws on the subject of bankruptcies."2 As Madison observed, "[t]he power of establishing uniform...

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