Court confirms liquidation of Superior Offshore

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    HOUSTON: The United States Bankruptcy Court for the Southern District of Texas has confirmed the Plan of Liquidation submitted by Superior Offshore International. Under the plan, all equity interests will be canceled on Feb. 11.

    The former subsea construction and commercial diving services provider ceased operations, filed for bankruptcy and began winding down its company affairs in April 2008 in the face of financial problems. The company was delisted from NASDAQ on April 24.

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