Mud King Products Exits Bankruptcy, Litigation Dismissed
May 13, 2015 | By Business Wire News
HOUSTON
Mud King Products, Inc. (the “Company”), today reported that it received court approval of its Chapter 11 Plan of Reorganization (“Plan”) on April 21, 2015. The Plan provides for the Company to continue operations and pay all of its creditors one hundred cents on the dollar. The Plan includes the dismissal of the litigation commenced by National Oilwell Varco (“NOV”) against the Company. The Plan also provides for a complete release of any claims held by NOV against the Company and all employees who were parties to the litigation.
Mud King is a Houston, Texas-based oilfield services company that distributes replacement pump parts for mud pumps, handling tools, and other drilling parts.
Mud King was represented by Edward L. Rothberg and Melissa A. Haselden of Hoover Slovacek, LLP, as its Chapter 11 bankruptcy counsel, and Suzanne Lehman Johnson of Muskat, Martinez & Mahony, LLP, as its special litigation counsel in defending against trade secret claims in the NOV litigation.
Media contact:
MB Consulting
Suellen Price, 214-957-2267
suellenprice@outlook.com
or
Legal contact:
Muskat, Martinez & Mahony, LLP
Suzanne Lehman Johnson, 713-495-2323
SJohnson@m3law.com
